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PALO ALTO, Calif., Aug. 2, 2024 /PRNewswire/ — Mega Matrix Corp. (“MPU” or the “Company”) (NYSE American: MPU), as of late introduced that it has entered into definitive words for the issuance and sale of an mixture of 681,818 stocks of its familiar accumulation (or familiar accumulation equivalents rather thereof), non permanent line A warrants to buy as much as 681,818 stocks of familiar accumulation and line B warrants to buy as much as 681,818 stocks of familiar accumulation at a purchase order worth of $2.20 in line with proportion (or in line with familiar accumulation identical rather thereof) and accompanying warrants in a personal placement. The fast-term line A warrants and line B warrants may have an workout worth of $2.20 in line with proportion and shall be exercisable right away upon issuance. The fast-term line A warrants will expire twenty-four months following the issuance life and the line B warrants will expire 5 and one-half years following the issuance life. The latter of the non-public placement is anticipated to happen on or about August 5, 2024, topic to the pride of standard latter statuses.
H.C. Wainwright & Co. is performing because the unique placement agent for the non-public placement.
The rude proceeds to the MPU from the providing are anticipated to be roughly $1.5 million, earlier than deducting the location agent’s charges and alternative providing bills payable by way of MPU, and with the exception of the proceeds, if any, from the workout of the warrants. MPU these days intends to utility the web proceeds from the providing for running capital and normal company functions.
The securities described above are being introduced in a personal placement below Category 4(a)(2) of the Securities Work of 1933, as amended (the “Securities Act”), and/or Law D promulgated thereunder and, together with the stocks of familiar accumulation underlying the warrants, have now not been registered below the Securities Work, or appropriate situation securities rules. Accordingly, the securities described above, together with the stocks of familiar accumulation underlying the warrants, will not be introduced or bought in america aside from pursuant to an efficient registration observation or an appropriate exemption from the registration necessities of the Securities Work and such appropriate situation securities rules. Pursuant to a registration rights guarantee, the Corporate has indubitably to report a resale registration observation overlaying the securities described above.
This press reduce does now not represent an deal to promote or a solicitation of an deal to shop for the securities on this providing, nor shall there be any sale of those securities in any situation or alternative jurisdiction during which such deal, solicitation or sale could be illegal previous to the registration or qualification below the securities rules of one of these situation or alternative jurisdiction.
About Mega Matrix
Mega Matrix Corp. (NYSEAMEX: MPU) is a retaining corporate and operates FlexTV, a short-video streaming platform and manufacturer of brief dramas, thru Yuder Pte, Ltd., an oblique majority-controlled subsidiary of Mega Matrix. Mega Matrix is a Delaware company headquartered in Palo Alto, CA. For more info, please touch [email protected] or talk over with: http://www.megamatrix.io.
Ahead-Taking a look Statements
This press reduce comprises forward-looking statements inside the which means of the “safe harbor” provisions of america Personal Securities Litigation Reform Work of 1995. All statements on this press reduce alternative than statements which might be purely ancient are ahead shopping statements that come with, however aren’t restricted to, statements similar to the final touch of the non-public placement, the pride of standard latter statuses similar to the non-public placement and the supposed utility of proceeds therefrom. When old on this press reduce, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and permutations of those phrases or related expressions (or the detrimental variations of such phrases or expressions) are supposed to spot forward-looking statements. Those forward-looking statements aren’t promises for hour efficiency, statuses or effects, and contain numerous identified and unknown dangers, uncertainties, suppositions and alternative noteceable components, lots of which might be out of doors the Corporate’s regulate, that might purpose latest effects or results to vary materially from the ones mentioned within the forward-looking statements. Impressive components, amongst others, are: the facility to lead enlargement; skill to spot and combine hour acquisitions; skill to develop and extend our FlexTV trade; skill to procure alternative financing going forward to treasure capital expenditures; fluctuations typically financial and trade statuses; prices or alternative components adversely affecting the Corporate’s profitability; litigation involving patents, highbrow attribute, and alternative issues; doable adjustments within the legislative and regulatory surrounding; an epidemic or epidemic; the chance that the Corporate won’t reach creating its unused traces of companies because of, amongst alternative issues, adjustments within the trade surrounding, pageant, adjustments in law, or alternative financial and coverage components; and the chance that the Corporate’s unused traces of commercial is also adversely suffering from alternative financial, trade, and/or aggressive components. The forward-looking statements on this press reduce and the Corporate’s hour result of operations are topic to alternative dangers and uncertainties all set forth below the heading “Risk Factors” in paperwork filed by way of the Corporate with the Securities and Change Fee, together with the Corporate’s original annual record on Method 10-Ok, and are in keeping with data to be had to the Corporate at the life hereof. The Corporate undertakes incorrect legal responsibility to replace or revise any forward-looking statements, whether or not because of unused data, hour occasions or another way, aside from as required by way of appropriate legislation. Readers are cautioned to not park undue reliance on forward-looking statements, which discuss most effective as of the life of this press reduce.
Disclosure Channel
We announce subject material details about the Corporate and its services and products and for complying with our disclosure legal responsibility below Law FD by the use of refer to social media channels:
X (f/okay/a Twitter): twitter.com/MegaMatrixMPU
Fb: fb.com/megamatrixmpu
fb.com/flextvus
LinkedIn: linkedin.com/corporate/megamatrixmpu
TikTok: tiktok.com/@flextv_english
YouTube: youtube.com/@FlexTV_English
The Corporate will even utility its touchdown web page on its company web page (www.megamatrix.io) to host social media disclosures and/or hyperlinks to/from such disclosures. The guidelines we put up thru those social media channels is also deemed subject material. Accordingly, traders will have to observe those social media channels along with following our web page, press releases, SEC filings and people convention yells and webcasts. The social media channels that we intend to utility as a way of exposing the ideas described above is also up to date from presen to presen as indexed on our web page.
SOURCE Mega Matrix Corp.
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