Mobile Global Esports, Inc.

Mobile Global Esports, Inc. (MGAM) priced its initial public offering on Jul 29, 2022 at $4.00 per share, within its $4.00–$5.00 range, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $73.2M. WestPark was lead-left underwriter. Davis & Associates advised the company and Dickinson Wright advised the underwriters.

Mobile Global Esports, Inc., organized in March 2021, carries on an esports business started in 2016 by Sports Industry of India (SII), a branding, marketing and sports promotion company working with universities in India and South Asia.

Status

IPO

Ticker

MGAM

Exchange

Nasdaq Capital Market

Priced

Jul 29, 2022

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$6M

Market cap at IPO price

$73.2M

First filed

Dec 23, 2021

Underwriters

WestPark

Company counsel

Davis & Associates

Underwriters' counsel

Dickinson Wright

Sector

Consumer

Country / state

CT

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.