Mon, Aug 5, 8:31 PM (84 days ago)
On August 1, 2024, Mega Matrix Corp. entered into a Securities Purchase Agreement with accredited investors for a private placement of 340,909 shares of common stock at $2.20 per share, along with pre-funded warrants and Series A and B common stock warrants. The pre-funded warrants are priced at $2.199 each, and both Series A and B warrants are exercisable at $2.20 per share. The placement, managed by H.C. Wainwright & Co., closed on August 5, 2024, raising approximately $1.5 million before expenses. Proceeds are intended for working capital and general corporate purposes. Additionally, a Registration Rights Agreement was established to register the resale of the securities. Failure to meet registration deadlines will result in liquidated damages.