Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 62

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 62
---
 price is determined to be at a figure that constitutes a significant discount to the market price of our Class A ordinary shares, such significant discount may have immediate negative impact on the market price of our Class A ordinary shares, causing our share price to immediately decline after completion of the offering.

The final public offering price will be determined through negotiation between us, the Placement Agent, and the investors based upon a number of factors, including our history and prospects, the stage of development of our business, our business plans for the future and the extent to which they have been implemented, an assessment of our management, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general conditions of the securities markets at the time of the offering. In particular, we believe that the final offering price ultimately depends on our assessment of investors’ sentiment in our shares and we consider, weigh and prioritize this factor as the utmost important factor in determining our assumed offering price as well as final offering price.

| 31 |

As of the date of this prospectus, we had 5,064,050 shares issued and outstanding, consisting of 4,064,050 Class A ordinary shares and 1,000,000 Class B ordinary shares, and we are offering up to an aggregate of 15,000,000 Class A ordinary shares to potential investors, constituting approximately 296.2% of our existing share capital. Our existing Shareholders may suffer significant dilution after completion of this offering.

Although our Class A ordinary shares currently trade at a market price well above the assumed offering price of $[0.54] per Class A ordinary share, the daily trading volume and turnover is insignificant when compared to the number of Class A ordinary shares we are offering to potential investors under this offering. It was therefore essential for us to determine an assumed offering price that matches with our assessment of the investors’ sentiment given the significant number of Class A ordinary shares we are offering as opposed to our current market price which has low correlation to the actual value of our securities given the thin trading volume and turnover. After deducting the estimated Placement Agent commissions and estimated offering expenses payable by us, we expect to receive net proceeds of approximately $[7,519,543] from this offering, based on an offering price of $[0.54] per Class A ordinary share, without a strong sentiment from interested investors to complete this offering, we may not be able to implement our future business plans.

The market price of our shares may be subject