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MGO Global rises 1%, closes $6M stock offering

MGO Global (NASDAQ:MGOL) closed its previously announced public offering of ~6.32M units at a public offering price of $0.95 per unit.Each unit consisted of one share of common stock and one common warrant to purchase one share.Gross proceeds were ~$6M.The company intends to use the net proceeds for general corporate and working capital purposes.The stock price increased 1.10% on Tuesday during after hours of trading.

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