Intel stock extends gains after report of possible U.S. government stake
Mega Fortune Company Limited (MGRT) priced its initial public offering of 3.75 million ordinary shares at $4.00 per share, according to a company statement. The Hong Kong-based Internet of Things solution provider expects to raise $15 million in gross proceeds before underwriting discounts and expenses.
The shares received approval for listing on the Nasdaq Capital Market and are expected to begin trading July 16, 2025 under the ticker symbol "MGRT." The offering is scheduled to close on or about July 17, 2025, subject to customary closing conditions.
The company granted the underwriter a 45-day option to purchase up to an additional 562,500 ordinary shares at the public offering price, less underwriting discounts and commissions. D. Boral Capital LLC is serving as the sole book-running manager for the offering.
Mega Fortune operates through subsidiary QBS System Limited, providing IoT integration solutions, maintenance and support services, business process outsourcing services, and trading sales across various industries. The company’s registration statement on Form F-1 was declared effective by the Securities and Exchange Commission on June 30, 2025.
FisherBroyles, LLP is acting as U.S. securities counsel to the company, while JunHe Law Offices LLC serves as U.S. counsel to D. Boral Capital LLC in connection with the offering.