Mobile Global Esports Announces Closing of $5.0 Million Private Placement Priced At-the-Market
WESTPORT, CT and MUMBAI, INDIA / ACCESSWIRE / September 23, 2022 / Mobile Global Esports Inc. (NASDAQ:MGAM), the mobile esports and social platform company that holds trademark and IP rights for collegiate esports tournaments, teams and players in India, today announced the closing of its previously announced private placement with an institutional investor for the issuance and sale of 1,886,793 shares of its common stock and warrants to purchase up to an aggregate of 1,886,793 shares of its common stock at a combined purchase price of $2.65 per share and accompanying warrant priced at-the-market under Nasdaq rules.The aggregate gross proceeds to the Company from the private placement were approximately $5.0 million…
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