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Real Messenger Closes $4 Million Public Offering

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Real Messenger (RMSG) said Tuesday it closed its best-efforts public offering of about 5.7 million units at $0.70 per unit, raising roughly $4 million in gross proceeds.

Each unit consists of one class A ordinary share or a pre-funded warrant and one common warrant exercisable at $0.70 per share. The common warrants expire in five years.

The company said it intends to use the net proceeds for mergers and acquisitions, working capital and general corporate purposes.

Price: $0.72, Change: $-0.04, Percent Change: -5.73%

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