MGO Global's Shareholder Vote: A Green Light for Growth

MGO Global Inc. (Nasdaq: MGOL) has announced the voting results of a special meeting of stockholders, held on January 24, 2025, at the company's Fort Lauderdale, Florida corporate office. The meeting approved the exercisability of common stock purchase warrants and the potential issuance of up to 94,725,000 shares of common stock underlying these warrants. The approval was obtained in accordance with Nasdaq Listing Rule 5635(d), and the final voting results will be made available in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission within four business days.

MGO Global is actively engaged in building a portfolio of independent, digitally native, lifestyle brands, which are unique and differentiated, yet all defined by distinctive, high-quality products and a shared commitment to delivering high-touch customer experiences across its ecommerce and wholesale channels. The company is currently comprised of two business units: Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products, including Stand Flagpoles; and MGO Digital, which leverages data analytics, advanced technology-enabled marketing, and the leadership's industry relationships and expertise to identify, incubate, and introduce new, authentic lifestyle brand concepts.

The approval of the exercisability of common stock purchase warrants and the issuance of up to 94,725,000 shares of common stock has significant implications for MGO Global's capital structure and future growth prospects. The issuance of new shares dilutes the ownership of existing shareholders, with the potential dilution calculated as approximately 94.73% assuming 100 million shares outstanding. However, the additional capital raised from the exercise of warrants and the issuance of new shares can be used to fund growth initiatives, potentially accelerating the company's growth and increasing its market share in the lifestyle brand sector.



The approval of the proposal may also have implications on the voting rights and influence of existing shareholders, particularly those who did not vote in favor of the proposal. The issuance of new shares dilutes the ownership percentage of existing shareholders, reducing their voting power. However, those who voted in favor of the proposal may gain more influence in the company's decision-making processes, as they have demonstrated their support for the company's strategic direction.

In conclusion, the approval of the exercisability of common stock purchase warrants and the issuance of up to 94,725,000 shares of common stock aligns with MGO Global's long-term strategy of building a portfolio of independent, digitally native, lifestyle brands. The additional capital raised from the issuance of new shares will enable the company to invest in growth initiatives, expand its brand portfolio, and strengthen its customer experiences. By following these steps, MGO Global can successfully execute its long-term strategy and create value for its shareholders.