$RMSG

2 stories mentioning RMSGUpdated 16d ago

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Real Messenger Closes $4 Million Public Offering

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%

$RMSG

Wire17d ago

Real Messenger Prices $4 Million Public Offering; Shares Fall

Real Messenger (RMSG) shares were down more than 60% in Monday trading after the company said it priced its public offering of about 5.7 million units at $0.70 per unit, for expected gross proceeds of roughly $4 million.Each unit consists of one class A share or one pre-funded warrant to purchase one class A share, along with one common warrant exercisable for one class A share. The common warrants are immediately exercisable at $0.70 per share and are subject to customary anti-dilution adjustments.The offering is expected to close on or about Tuesday.Price: $0.72, Change: $-1.11, Percent Change: -60.71%

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