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Mega Fortune Company Limited Announces Closing of $15 Million Initial Public Offering
GlobeNewswire News Room· 2025-07-17 20:30
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]
Mega Fortune Company Limited Announces Closing of $15 Million Initial Public Offering
Globenewswire· 2025-07-17 20:30
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]
Mega Fortune Company Limited Announces Pricing of $15 Million Initial Public Offering
Globenewswire· 2025-07-16 01:05
Group 1 - Mega Fortune Company Limited (MGRT) is an Internet of Things (IoT) solution provider based in Hong Kong, announcing its initial public offering (IPO) of 3,750,000 ordinary shares priced at $4.00 per share, aiming for gross proceeds of $15 million [1][5] - The IPO shares have been approved for listing on The Nasdaq Capital Market, with trading expected to commence on July 16, 2025, under the ticker symbol "MGRT" [1] - The offering is being conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole book-running manager [2] Group 2 - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 30, 2025 [3] - The final prospectus related to the offering will be available from D. Boral Capital LLC and on the SEC's website [3] Group 3 - Mega Fortune Company Limited, through its subsidiary QBS System Limited, specializes in delivering comprehensive IoT solutions and services across various industries, including IoT integration, maintenance, support, and business process outsourcing [5] - The company's vision is to become the preferred choice for IoT solutions in the Asia-Pacific region, assisting enterprises in digital transformation and IoT initiatives [5]