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Indian Mobile Esports Company Reports Pricing Of $6M IPO

Mobile Global Esports Inc. announced the pricing of its initial public offering (IPO) of 1,500,000 common shares at a price of $4.00 per share, for gross proceeds of approximately $6 million. Shares for the esports and social platform began trading on the Nasdaq Capital Market on July 29th, 2022.

A registration statement on Form S-1 (File No. 333261877) relating to the common shares was filed with the Securities and Exchange Commission and became effective on July 28th, 2022.

Additionally, Mobile Global Esports has granted Underwriters a 30-day over-allotment option to purchase a supplemental 15%, or 225,000 shares.

(All information was provided by Yahoo!)

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