MEGL$0.1655+0.24%
Magic Empire Global Ltd
Sector: Finance ServicesIndustry: Financial - Capital MarketsCountry: HKExchange: Nasdaq
Mkt Cap:$11.21M
Float & O/S:
Inst Own:
DilutionScan read 33 of Magic Empire Global Ltd's SEC filings and found 1 warrant series, 1 ATM program, 1 shelf registration, 1 S-1 registration and 3 completed offerings on file for MEGL. The latest dilution event on file is an offering on Sep 30, 2026. Analysis updated Oct 13, 2026.
Signal8 Summary
7d old
MEGL
Severe dilution, shrinking revenue, repeated discounted offerings
- Business
- WeakRevenue down 9.8% to $1.5M, net loss $1.1M, gross margin negative
- Stock risk
- HighOverhead supply 245% of shares, four offerings in 90 days
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
- : 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.
- : 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.
- : 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.
- : 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.
- : Raised $3.00M in gross proceeds through a registered direct offering.
- : Issued warrants over 24.11M shares.
- : Registered $200.00M of securities for sale on Form F-3.
- : 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.
