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CTRL Group Ltd (MCTR), a Hong Kong-based leader in mobile gaming marketing solutions, provides this dedicated news hub for tracking its corporate developments. Access official press releases, financial disclosures, and strategic announcements all in one location.
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CTRL Group (MCTR), a Hong Kong-based integrated marketing and advertising services provider specializing in mobile games promotion, has announced the full exercise of the underwriter's over-allotment option. R.F. Lafferty & Co., Inc., the representative underwriter of the company's IPO, has purchased an additional 300,000 ordinary shares at the IPO price of $4.00 per share.
The company has now raised a total of $9.2 million in gross proceeds through the issuance of 2,300,000 ordinary shares in the IPO. R.F. Lafferty & Co., Inc. and Revere Securities served as underwriters, with The Crone Law Group, P.C. and VCL Law LLP acting as legal counsel to the Company and Underwriters, respectively.
CTRL Group (MCTR), a Hong Kong-based integrated marketing and advertising services provider focusing on mobile games promotion, has successfully completed its initial public offering (IPO). The company offered 2,000,000 ordinary shares at $4.00 per share, raising gross proceeds of $8 million before deducting underwriting costs and related expenses.
Trading began on the Nasdaq Capital Market under the symbol 'MCTR' on January 22, 2025. The company has granted underwriters a 45-day option to purchase up to 300,000 additional ordinary shares at the public offering price. R.F. Lafferty & Co., Inc. served as the lead underwriter, with Revere Securities as co-underwriter for this firm commitment offering.
CTRL Group (NASDAQ: MCTR), a Hong Kong-based integrated marketing and advertising services provider specializing in mobile games promotion, has announced the pricing of its initial public offering. The company is offering 2,000,000 ordinary shares at $4.00 per share, expecting to raise gross proceeds of $8 million.
Trading will commence on January 22, 2025, on the Nasdaq Capital Market under the symbol 'MCTR'. The company has granted underwriters a 45-day option to purchase up to 300,000 additional shares. The IPO proceeds will be used for regional expansion, working capital as a mobile game operator, potential media company acquisitions, and general working capital.
R.F. Lafferty & Co. is serving as the lead underwriter, with Revere Securities as co-underwriter. The offering is expected to close on January 23, 2025, subject to customary conditions.