Mega Fortune Company Limited Announces Pricing of Initial Public Offering on Nasdaq Capital Market

Mega Fortune Company Limited (MGRT), a Hong Kong-based Internet of Things (IoT) solution provider, has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at $4.00 per share. The offering, led by D. Boral Capital LLC, is expected to raise $15 million in gross proceeds. The Company has approved its ordinary shares for listing on The Nasdaq Capital Market and is set to begin trading under the ticker symbol "MGRT" on July 16, 2025.

Key Takeaways:

• The Company's IPO consists of 3,750,000 ordinary shares priced at $4.00 per share, raising $15 million in gross proceeds.
• The underwriter, D. Boral Capital LLC, has been granted a 45-day option to purchase up to an additional 562,500 ordinary shares.
• Mega Fortune Company Limited has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC), which was declared effective on June 30, 2025.
• The Offering is being made only by means of a final prospectus, part of the registration statement, which will be filed with the SEC and available on its website at http://www.sec.gov.
• The Company's ordinary shares will be listed on The Nasdaq Capital Market under the ticker symbol "MGRT" and are expected to begin trading on July 16, 2025.
• Mega Fortune Company Limited is an Internet of Things (IoT) solution provider in Hong Kong, specializing in delivering comprehensive IoT solutions and services across various industries.
• The Company's vision is to become the preferred choice for IoT solutions for enterprises and projects in the Asia-Pacific region.

Statistics:

• $15 million: The aggregate gross proceeds to be raised from the IPO.
• 3,750,000: The number of ordinary shares offered in the IPO.
• $4.00: The price per ordinary share in the IPO.
• 562,500: The maximum number of additional ordinary shares that D. Boral Capital LLC may purchase under the option.
• 45 days: The period during which D. Boral Capital LLC may exercise its option to purchase additional ordinary shares.
• July 16, 2025: The expected date on which the Company's ordinary shares will commence trading on The Nasdaq Capital Market.
• 3,000: The estimated number of days for the Company's digital transformation and IoT initiatives to have a significant impact on business efficiency.

Sources:

• GlobeNewswire (MIL-OSI) - Hong Kong, July 15, 2025 (GLOBE NEWSWIRE) -- Mega Fortune Company Limited (the "Company" or "MGRT")
• Mega Fortune Company Limited - Phone: +852 5627 5338 Email: priscilla.cheng@megafortune-group.com
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