MIAMI, FL and BUENOS ARIES, ARGENTINA and LONDON, UK and NEW YORK, NY / ACCESSWIRE / January 13, 2023 / MGO Global Inc., operator of The Messi Store ("MGO Global" or the "Company"), today announced that its common stock has commenced trading on The Nasdaq Capital Market today under the ticker symbol "MGOL."
On January 12, 2023, the Company priced its firm commitment underwritten public offering (the "Offering") of 1,500,000 shares of common stock at a public offering price of $5.00 per share. The gross proceeds to the Company from the Offering are expected to be $7,500,000 (not including any exercise by the underwriter of its over-allotment option) before deducting underwriting discounts, commissions and other Offering expenses.
Boustead Securities, LLC and Sutter Securities, Inc. acted as the underwriters for the firm commitment Offering.
A registration statement on Form S-1, as amended (File No. 333-268484), filed by the Company with the Securities and Exchange Commission (the "SEC"), was declared effective on January 12, 2023. The Offering has been made only by means of a prospectus. A copy of the final prospectus related to the Offering, which was filed with the SEC, may be obtained, when available, from Boustead Securities, LLC, via email: offerings@boustead1828.com, or by calling +1 (949) 502-4408, or by standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About MGO Global Inc.
Founded in October 2018 and headquartered in Florida with remote employees and specialty contractors in London, New York, and Latin America, MGO Global is a performance-driven lifestyle brand portfolio company focused on strategically leveraging the fame, celebrity power and global social media influence of world class athletes, entertainers and other cultural icons to create fresh, modern and compelling product and apparel brands aligned with and inspired by the values, personal styles and aspirations of our valued brand partners. Anchored by MGO Global's end-to-end, scalable brand development platform, coupled with its leadership's track records of success and industry relationships and expertise, in late 2018, the Company launched The Messi Brand - a premium line of functional and sporty casual wear, accessories and homewares inspired by legendary pro soccer player Leo Messi and found at www.TheMessiStore.com. For more information on MGO Global, please visit www.mgoglobalinc.com.
Forward-Looking Statements
This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and the Messi Brand and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of Coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners , the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and perpetuating the Company's licensing rights with Leo Messi Management, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
FOR MEDIA AND INVESTOR RELATIONS
MGO Global Inc.
Dodi Handy, Director of Communications
Phone: 407-960-4636
Email: dhandy@mgoteam.com
SOURCE: MGO Global
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