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Mobile Global Esports, Inc. ( (MGAM) ) has shared an announcement.
On December 1, 2025, Mobile Global Esports, Inc. entered into a Promissory Note Purchase Agreement with an accredited investor, securing $65,000 in net proceeds from a $75,000 promissory note. The note, carrying a 10% interest rate and convertible into common stock, will be used for working capital. Additionally, the company established an Equity Line of Credit Agreement with the same investor, allowing for the sale of up to $10 million in common stock, contingent on SEC registration. These financial maneuvers aim to bolster the company’s capital resources and potentially enhance its market position.
More about Mobile Global Esports, Inc.
Mobile Global Esports, Inc. operates in the esports industry, focusing on mobile gaming and competitive esports events. The company provides platforms and services to facilitate esports competitions, primarily targeting the growing market of mobile gamers.
Average Trading Volume: 19,466
Technical Sentiment Signal: Hold
Current Market Cap: $8.5M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.