Mgo Global INC

Market Movers (8-K)

MGO Global Inc. stockholders have approved the business combination with Heidmar, Inc., paving the way for the combined company, Heidmar Maritime Holdings Corporation, to trade on Nasdaq under the ticker symbol HMR.
MGO Global Inc. discloses the issuance ratio for its business combination with Heidmar Maritime Holdings Corp., setting the stage for the finalization of the merger.
MGO Global received a delisting notice from Nasdaq for failing to maintain the minimum bid price, while stockholders are set to vote on the proposed business combination with Heidmar Inc.
Worse than expected
MGO Global and Heidmar announced that the SEC has declared effective the registration statement for their proposed business combination.
MGO Global Inc. and Heidmar Inc. have agreed to extend the termination date of their Business Combination Agreement to February 28, 2025, as per the Second Amendment.
Delay expected
MGO Global Inc. announces that stockholders approved a warrant exercise proposal at a special meeting held on January 24, 2025.

Quarterly Earnings (10-Q)

MGO Global Inc. reported a net loss of $1.3 million for Q3 2024, a decrease from the $2.5 million loss in Q3 2023, while also securing a $250,000 line of credit and progressing with its merger with Heidmar.
Worse than expected
Capital raise
MGO Global Inc. reported a decrease in revenue for the three months ended June 30, 2024, but an increase for the six months ended June 30, 2024, while navigating a business combination and Nasdaq listing compliance.
Worse than expected
Capital raise
MGO Global Inc. saw a significant increase in revenue in the first quarter of 2024, driven by its Stand Flagpoles business, while also completing the strategic assignment of its Messi brand license.
Worse than expected
Capital raise

Annual Reports (10-K)

MGO Global Inc. has filed an amended 10-K to reissue its 2022 financial statements and revise related party transaction disclosures.
Capital raise
Worse than expected
MGO Global Inc.'s annual 10-K filing outlines its capital structure, business model evolution, and strategic shifts including the assignment of the Messi brand license.
Capital raise
Worse than expected

Insider Trading (Form 4)

MGO Global and Heidmar announced that the SEC has declared effective the registration statement for their proposed business combination, with a shareholder vote scheduled for February 14, 2025.
Maximiliano Ojeda, CEO of MGO Global Inc., reports acquisition of 15,000 shares of restricted common stock and indirect ownership of 39,400 shares through MGOTEAM LLC.
Virginia Hilfiger, Chief Brand Officer and Director of MGO Global Inc., reports the acquisition of 15,000 shares of restricted common stock and indirect ownership of 39,400 shares through MGOTEAM LLC.
Dana Perez, CFO of MGO Global Inc., reports acquiring 3,000 shares of restricted common stock on January 7, 2025.
Julian Groves, Chief Operating Officer of MGO Global Inc., reports acquiring 15,000 shares of common stock on January 7, 2025, and indirectly owning 15,000 shares through Globally Digital Ltd.
Director Ping Rawson acquired 1,100 shares of MGO Global Inc. common stock on August 5, 2024, at a price of $0 per share, as part of a restricted stock agreement.

Proxy Statements (Def-14A)

MGO Global Inc. is holding a special meeting to seek stockholder approval for the exercisability of common stock purchase warrants and the issuance of underlying shares to comply with Nasdaq Listing Rule 5635(d).
Capital raise
MGO Global Inc. has scheduled its 2024 Annual Meeting of Stockholders for December 20, 2024, to vote on the election of directors, ratification of the auditor, and approval of adjournment if needed.
MGO Global Inc. has amended its 2022 Equity Incentive Plan to increase the number of shares available for issuance by 1,825,413, bringing the total to 4,511,883 shares.
MGO Global Inc. plans a reverse stock split, ranging from 1:10 to 1:25, to boost its share price and maintain Nasdaq listing compliance.

New Public Companies (S-1)

MGO Global Inc. has filed a registration statement to increase its proposed maximum aggregate offering price by $1 million.
Capital raise
MGO Global Inc. files an amendment to its Form S-1 registration statement to include the Warrant Agency Agreement and the First Amendment to the Business Combination Agreement.
Capital raise
MGO Global Inc. is offering up to 2,380,952 units, each consisting of one share of common stock or a pre-funded warrant and one common stock purchase warrant, with an assumed offering price of $2.10 per unit.
Capital raise
MGO Global Inc. has filed an amendment to its registration statement for a potential offering of up to 2,100,840 shares of common stock and pre-funded warrants.
Capital raise
MGO Global Inc. is offering shares of common stock and pre-funded warrants while also pursuing a business combination with Heidmar, Inc., a maritime company.
Capital raise

Schedule 13G - Passive Investments

S.H.N. Financial Investments Ltd. has filed an amended Schedule 13G, reporting a complete divestment of its holdings in MGO Global Inc., reducing its beneficial ownership to 0%.
Worse than expected