Mega Matrix Announces Private Placement Of 681,818 Shares Of Common Stock And Warrants At $2.20 Per Share, Raising Approximately $1.5M
Portfolio Pulse from Benzinga Newsdesk
Mega Matrix has announced a private placement of 681,818 shares of common stock and warrants at $2.20 per share, raising approximately $1.5 million. The Series A warrants will expire in 24 months, and the Series B warrants will expire in 5.5 years. The closing is expected on or about August 5, 2024.
August 02, 2024 | 12:06 pm
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Mega Matrix has announced a private placement of 681,818 shares of common stock and warrants at $2.20 per share, raising approximately $1.5 million. The Series A warrants will expire in 24 months, and the Series B warrants will expire in 5.5 years. The closing is expected on or about August 5, 2024.
The private placement will provide Mega Matrix with additional capital, which can be used for growth and operational needs. The issuance of new shares and warrants may lead to some dilution, but the raised funds could positively impact the company's financial stability and future prospects.
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