Mega Fortune Company Limited Announces Closing of $15 Million Initial Public Offering

Company Overview - Mega Fortune Company Limited is an Internet of Things (IoT) solution provider based in Hong Kong, specializing in delivering comprehensive IoT solutions and services across various industries [5] - The company's operating subsidiary, QBS System Limited, offers IoT Integration Solution Services, IoT Maintenance and Support services, Business Process Outsourcing (BPO) services, and trading sales [5] - The vision of the company is to become the preferred choice for IoT solutions for enterprises and projects in the Asia-Pacific region [5] Initial Public Offering (IPO) Details - The company announced the closing of its initial public offering of 3,750,000 ordinary shares at a price of $4.00 per share, resulting in aggregate gross proceeds of $15 million before deductions [1][2] - The ordinary shares began trading on The Nasdaq Capital Market under the ticker symbol "MGRT" on July 16, 2025 [2] - The underwriter has been granted a 45-day option to purchase up to an additional 562,500 ordinary shares at the public offering price [1] Regulatory Filings - A registration statement on Form F-1 related to the offering was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on June 30, 2025 [3] - A final prospectus relating to the offering was filed with the SEC on July 16, 2025, and is available for public access [3]