Mega Fortune Company Limited’s Quiet Period Will End on August 25th (NASDAQ:MGRT)

Mega Fortune’s (NASDAQ:MGRT) quiet period will end on Monday, August 25th. Mega Fortune had issued 3,750,000 shares in its public offering on July 16th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Mega Fortune Price Performance

Shares of MGRT opened at $3.45 on Monday. Mega Fortune has a 12 month low of $1.50 and a 12 month high of $4.00.

Mega Fortune Company Profile

We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong.