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An update from Mighty Kingdom Ltd ( (AU:MKL) ) is now available.
Mighty Kingdom Limited has successfully raised approximately A$475,000 through its Entitlement Offer, which included both institutional and retail components. The institutional component raised A$260,000, while the retail component raised A$215,000, with a 30% take-up rate by eligible retail shareholders. A shortfall of 121,087,167 shares remains, which the company plans to place with new or existing investors. This capital raise strengthens MKL’s balance sheet and provides essential working capital, potentially enhancing its market position and operational capabilities.
More about Mighty Kingdom Ltd
Mighty Kingdom Limited (ASX: MKL) operates in the gaming industry, focusing on the development and publishing of interactive entertainment products. The company is known for creating engaging and innovative games, catering to a diverse market of gaming enthusiasts.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.93M
See more data about MKL stock on TipRanks’ Stock Analysis page.