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CDBullishCorporate Developmentsnews

Medium materiality6/10

Chaince secures MEGL ATM deal; potential upside for CD's capital markets business

Oct 2, 2026, 12:53 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The news signals expanded revenue opportunities for CD through ATM-related fees and advisory services, plus potential increased deal flow as MEGL uses the program. While the exact economics aren’t disclosed, such mandates typically provide incremental but uncertain near-term revenue, with longer-term upside if MEGL executes.

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What happened, with direct paths to the underlying reporting

Chaince Securities, a CD subsidiary, was named exclusive ATM sales agent for Magic Empire Global's up-to-$100 million offering. The program may issue shares on-market via Nasdaq, with proceeds for working capital. The arrangement expands CD's equity capital markets footprint and could generate near-term revenue if MEGL taps the ATM.

Chaince (CD) appointed exclusive ATM sales agent for MEGL offering.
MEGL's ATM cap stands at US$100 million; no minimum sale.
Sales may occur on Nasdaq Capital Market; proceeds for MEGL use.
Chaince expands equity capital markets platform with MEGL tie-up.
Forward-looking statements warn of market and regulatory risks.

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