SAN CLEMENTE, CA and GOREGAON EAST, MUMBAI, INDIA / ACCESSWIRE / July 28, 2022 / (NASDAQ:MGAM) Mobile Global Esports Inc. ("MOGO" or "the Company"), a mobile esports company with an esports and social platform that includes proprietary compression technology, as well as holding trademark and IP rights for collegiate esports tournaments and players in India, today announced the pricing of its initial public offering of 1,500,000 common shares at a public offering price of $4.00 per share, for gross proceeds of approximately $6.0 million before deducting offering expenses. In addition, the Company has granted the Underwriters a 30 day over-allotment option to purchase an additional 15% or 225,000 shares.
The shares are expected to begin trading on the Nasdaq Capital Market on July 29, 2022 under the ticker symbol "MGAM." The offering is expected to close on August 2nd, 2022, subject to satisfaction of customary closing conditions.
WestPark Capital, Inc. is the sole Book-Runner and Underwriter for the offering.
A registration statement on Form S-1 (File No. 333261877) relating to the common shares was filed with the Securities and Exchange Commission (the "SEC") and became effective on July 28, 2022. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained on the SEC's website, www.sec.gov, or from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA 90067, by phone at (310) 843-9300, or by email through the contact form at https://wpcapital.com/general-contact-information/.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Mobile Global Esports, Inc.
Mobile Global Esports ("MOGO" or "Mogo," or the "Company") was organized in March of 2021 to carry on and expand an esports business (the "Business") started by Sports Industry of India ("SII"), in 2016. Through a series of contracts, the rights to the Business were assigned to MOGO by SII and its affiliates beginning in October of 2021. MOGO is now building out and expanding the business created by SII, which is focused on the rapidly growing esports industry, with special emphasis on India and other South Asian markets. The Indian market for esports, and particularly university esports events in India.
For more information about the Company, please visit https://www.mogoesports.com/
Mobile Global Esports, Inc. 616 South El Camino Real, San Clemente, CA 92672, (949) 573-0628.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. They are generally identifiable by use of the words "may," "will," "should," "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" or the negative of these words or other variations on these words or comparable terminology. In particular, these include statements relating to future actions, prospective products, market acceptance, future performance, results of current and anticipated products, sales efforts, expenses, and the outcome.
These statements are based on our management's expectations, beliefs and assumptions concerning future events affecting us, which in turn are based on currently available information. These assumptions could prove inaccurate. Although we believe that the estimates and projections reflected in the forward-looking statements are reasonable, our expectations may prove to be incorrect.
Media Contact: Rich Schineller for Mobile Global Esports, Inc. rich@prmgt.com
View source version on accesswire.com: https://www.accesswire.com/710210/Mobile-Global-Esports-Announces-Pricing-of-60-Million-IPO
(Bloomberg) -- Alphabet Inc.’s Google, Meta Platforms Inc. and Apple Inc. are among nearly 70 companies filing a brief with the US Supreme Court in support of affirmative action programs being challenged at Harvard and the University of North Carolina. Most Read from BloombergChina’s Rebound Remains Fragile as Factories, Property SlumpAre We Ready to Start Saying the R-Word?Elon Musk’s Antics Turn Owners and Would-Be Buyers Against TeslaFrom Profits to Pay, JPMorgan’s Gold Secrets Spill Out in C
The Dow Jones Industrial Average fell 150 points Monday, as Boeing surged on 787 Dreamliner news. Chinese EV stocks rose on July deliveries.
(Bloomberg) -- Shares of Royal Caribbean Cruises Ltd. are down 10% Monday after the company launched a private offering for as much as $900 million in senior convertible notes to be used to buy back existing debt. Most Read from BloombergChina’s Rebound Remains Fragile as Factories, Property SlumpAre We Ready to Start Saying the R-Word?Elon Musk’s Antics Turn Owners and Would-Be Buyers Against TeslaFrom Profits to Pay, JPMorgan’s Gold Secrets Spill Out in CourtNews of the offering sent peers Car
Recently, Zacks.com users have been paying close attention to Ford Motor Company (F). This makes it worthwhile to examine what the stock has in store.
Yahoo Finance Live anchors discuss second-quarter earnings for ON Semiconductor.
Whether markets move up or down, every investor loves a bargain. There’s a thrill in finding a valuable stock at low, low price – and then watching it appreciate in the mid- to long-term. Portfolio growth of that sort is one of the reasons investors are in the investing game to begin with. So, how are investors supposed to distinguish between the names poised to get back on their feet and those set to remain down in the dumps? That’s what the pros on Wall Street are here for. Using TipRanks’ pla
Yahoo Finance Live’s Brian Sozzi discusses the CHIPS Act passing in Congress and what Intel CEO Pat Gelsinger had to say about the chip maker’s second-quarter earnings.
One thing we could say about the analysts on Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) - they aren't optimistic...
Apple is gearing up for a four-part bond sale to fund stock buybacks. Apple (ticker: AAPL ) is planning to use the proceeds from the sale for general corporate purposes, including buying back shares and paying dividends, the company said in a filing with the Securities and Exchange Commission. Apple didn’t disclose how much money it is raising or what interest rates it will pay.
Palantir Technologies Inc. (PLTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Yahoo Finance's Akiko Fujita discusses Alibaba responding to delisting fears.
Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in February. The rules on inherited IRAs were most recently changed in the 2019 Secure Act, which introduced a new 10-year payout rule for inherited accounts. The previous rule said those who inherited an IRA, Roth IRA or 401(k) could spread out withdrawals over their lifetime.
Twilio's (TWLO) Q2 revenues are expected to have benefited from the accelerated digital transformation and recent acquisitions, while the elevated spending on product and market expansions might have weighed on earnings.
In this article, we discuss 10 undervalued high free cash flow stocks to buy amid recession. If you want to read about some more undervalued high free cash flow stocks, go directly to 5 Undervalued High Free Cash Flow Stocks to Buy Amid Recession. Prominent stocks in the United States like Apple Inc. (NASDAQ:AAPL), Microsoft […]
Yahoo Finance Live anchors discuss earnings expectations for companies like PayPal, Starbucks, and Uber.
Advanced Micro Devices (AMD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Buffett is keeping his finger on the buy button for the energy giant. Here are some other names in the sector that he should add.
Upstart Holdings, Inc. (UPST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- Nikola Corp. will acquire Romeo Power Inc. for a sliver of what the battery maker was worth when it merged with a special purpose acquisition company less than two years ago.Most Read from BloombergChina’s Rebound Remains Fragile as Factories, Property SlumpAre We Ready to Start Saying the R-Word?Elon Musk’s Antics Turn Owners and Would-Be Buyers Against TeslaFrom Profits to Pay, JPMorgan’s Gold Secrets Spill Out in CourtThe all-stock transaction between two manufacturers that wen
Holding on to popular or trending stocks for the long-term can make your portfolio a winner.