Mega matrix announces closing of $1.5 million private placement

Palo alto, calif. , aug. 5, 2024 /prnewswire/ -- mega matrix corp. ("mpu" or the "company") (nyse american: mpu), today announced that it has closed its previously announced private placement for the issuance and sale of an aggregate of 681,818 shares of its common stock (or common stock equivalents in lieu thereof), short-term series a warrants to purchase up to 681,818 shares of common stock and series b warrants to purchase up to 681,818 shares of common stock at a purchase price of $2.20 per share (or per common stock equivalent in lieu thereof) and accompanying warrants in a private placement.
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