Mighty Kingdoms Strategic Capital Boost

Mighty Kingdom Ltd (ASX: MKL) has successfully raised approximately AU$8.2 million following a strategic review and leadership overhaul, including the appointment of CEO David Yin, formerly of Google, and new directors from notable gaming firms. This funding effort comprised a significant Retail Shortfall Bookbuild and a targeted placement of shares to sophisticated and institutional investors, raising around AU$1.98 million.

The additional capital aims to strengthen MKL's balance sheet, allowing greater flexibility in pursuing new contracts, co-development, and acquisition opportunities within both the Australian and global gaming sectors. The fundraising received strong backing from both existing shareholders and high-profile gaming executives, underlining robust support for MKL's refined strategic direction and growth prospects in the gaming industry.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com