Mega Matrix (MPU) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 12, 2024, Mega Matrix Corp. entered into a Unit Subscription Agreement with accredited investors to sell 2,490,000 units at $1.50 each, totaling $3,735,000. Each unit includes a share of common stock and a warrant allowing the purchase of an additional share at $1.50 for up to five years post-issuance. The transaction, which includes customary terms and conditions, successfully closed on January 17, 2024.
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