Company: MEGL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001641172-25-018709
Chunk: 169

Company: Magic Empire Global Ltd
Filing Date: 2025-07-11
Form: F-1/A
Chunk 169
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 333-264575) for the IPO, originally filed with the U.S. Securities and Exchange Commission (the “Commission”) on April 29, 2022 (as amended, the “Registration Statement”) was declared effective by the Commission on August 4, 2022. The Company issued representative’s warrants to purchase up to 500,000 Ordinary Shares at $6.00 per share, dated August 9, 2022, to Network 1 Financial Securities, Inc., based on terms set forth in warrants agreements, including cashless exercise.

On August 10, 2022, the Company closed its initial public offering (the “IPO”) of 5,000,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the IPO were US$20 million, before deducting underwriting discounts and other related expenses. The ordinary shares of the Company began trading on the Nasdaq Capital Market on August 5, 2022 under the ticker symbol “MEGL.”

On August 12, 2022, the underwriter exercised its representative’s warrants in full and the Company issued a total of 256,099 ordinary shares with no cash consideration on August 26, 2022.

| F-8 |

Recent Business Development

On November 29, 2023, the shareholders
of the Company resolved and approved to amend the maximum number of shares the company was authorized to issue to 600,000,000 shares
with a par value of US$0.0001 each divided into (i) 300,000,000 ordinary shares with a par value of US$0.0001 each and (ii) 300,000,000
non-voting ordinary shares with a par value of US$0.0001 each. Each of the ordinary shares and non-voting ordinary shares had the right
to an equal share in any dividend paid by the Company and the right to an equal share in the distribution of the surplus assets of the
Company. However, each ordinary share had the right to one vote on any resolution and each non-voting ordinary share had no right to
vote on any resolutions. On December 4, 2023, the Company filed the Second Amended and Restated Memorandum and Articles of Association
with the Registrar of the British Virgin Islands to effect the new maximum authorized number of shares.

On November 29, 2024, the shareholders of the Company resolved and approved to amend the maximum number