Mega Matrix Announces $1.5 Million Private Placement - PR Newswire APAC
Summary
Wainwright & Co. is acting as the exclusive placement agent for the private placement.The gross proceeds to the MPU from the offering are expected to be approximately $1.5 million, before deducting the placement agents fees and other offering expenses payable by MPU, and excluding the proceeds, if any, from the exercise of the warrants. Pursuant to a registration rights agreement, the Company has agreed to file a resale registration statement covering the securities described above.This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.Mega Matrix Corp. (NYSE AMEX: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect majority-controlled subsidiary of Mega Matrix. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts.