Magic Empire Global Ltd

Snapshot

Magic Empire is a tiny Hong Kong IPO-advisory firm with shrinking, unprofitable operations: FY 2025 revenue fell 9.8% to $1.5M, gross margin was negative, and the company lost $1.1M.

What's Happening Right Now

• Tue 27th Oct '26 · Timber LOI: On Oct 22, 2026, MEGL signed a non-binding letter of intent with Singapore's SIN HOPEWAY to supply raw timber over five years toward a cumulative, non-guaranteed US$500 million trade target.
• Tue 6th Oct '26 · Strategic pivot: On Oct 6, 2026, MEGL announced a pivot into commodity trading and supply chain finance via new subsidiary Lunar Haste International Trading, alongside its existing Hong Kong financial services business; no revenue or volume figures were disclosed.
• Fri 2nd Oct '26 · ATM program: On Oct 2, 2026, MEGL engaged Chaince Securities as sales agent for a new at-the-market program allowing it to sell up to $100 million of Class A shares over time.
• Wed 30th Sep '26 · Direct offering: MEGL priced and then closed a $3 million registered direct offering of 2,678,572 units at $1.12 each, with warrants carrying a cashless-exercise feature that can convert into up to nine shares each.
• Wed 30th Sep '26 · Offering: Raised $3.00M in gross proceeds through a registered direct offering.
• Mon 28th Sep '26 · Warrants: Issued warrants over 24.11M shares.
• Thu 17th Sep '26 · Registration: Registered $200.00M of securities for sale on Form F-3.
• Fri 28th Aug '26 · Discounted placement: On Aug 25, 2026, MEGL sold 40,000,000 Class A shares at $0.168 each, an 85% discount to the prior close, raising $6.72 million but exceeding its entire pre-deal share count and implying roughly 61% dilution of the post-closing base.