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Stock impact report

WestPark Capital Announces Closing of $5 Million Private Placement Priced at-the-Market for Mobile Global Esports (NASDAQ:MGAM)

Mobile Global Esports Inc. (MGAM) 
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the closing of a private placement priced at-the-market for Mobile Global Esports Inc. (NASDAQ:MGAM), a mobile esports company with an esports and social platform that includes proprietary compression technology. In addition, the company holds trademark and IP rights for collegiate esports tournaments and players in India. The company intends to use the net proceeds from the offering to develop championship esports events in India and its game platform.WestPark Capital, Inc. was the Exclusive Placement Agent for the offering.The unregistered shares of common stock and warrants sold in the offering described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act") and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registere Show less Read more
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