Mega Matrix Inc. Announces Completion of Private Placement and Official Strategic Expansion to Stablecoin Sector

Core Insights - Mega Matrix Inc. has completed a private placement of US$16 million to support its strategic expansion into the stablecoin sector, indicating strong market confidence from investors [1][2][3] - The stablecoin sector is expected to experience accelerated development due to clearer regulatory frameworks and increased integration into financial systems globally [2] - The proceeds from the private placement will primarily be used to develop a stablecoin asset allocation system and on-chain yield mechanisms, focusing on corporate treasury strategies [3] Company Details - Mega Matrix Inc. is a holding company based in Singapore, actively pursuing expansion into the stablecoin market [4] - The private placement involved the issuance of 16 million Class A ordinary shares at a price of US$1.00 per share, with a 6-month lock-up period for qualified institutional and accredited investors [3]