An update from Mighty Kingdom Ltd ( (AU:MKL) ) is now available.
Mighty Kingdom Limited has successfully completed the institutional component of its entitlement offer, raising approximately $260,000 at $0.005 per share. Additionally, the company secured binding commitments for a placement raising about $270,000 at the same price per share. This financial maneuver is part of a broader strategy to strengthen its market position and provide equal ranking to new shares with existing ordinary shares. The retail entitlement offer will follow, inviting eligible retail shareholders to participate under similar terms, potentially impacting shareholder value and market dynamics.
More about Mighty Kingdom Ltd
Mighty Kingdom Limited operates in the digital entertainment industry, focusing on the development and publication of video games. The company targets both institutional and retail investors through its financial strategies.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.51M
For a thorough assessment of MKL stock, go to TipRanks’ Stock Analysis page.