MGO Global Inc announced a private placement of 1,828,686 unregistered shares of the common stock on June 4, 2024. The transaction includes participation from directors and officers of the Company. It includes 416,326 shares issued to Maximiliano Ojeda, the Chief Executive Officer of the Company, 416,325 shares issued to Virginia Hilfiger, the Chief Brand Officer of the Company, 416,325 shares issued to Julian Groves, the Chief Operating Officer of the Company, 222,966 shares issued to Dana Perez, the Chief Financial Officer of the Company, and 89,186 shares issued to each non-employee director of the Company.

The shares of the Company?s common stock were issued pursuant to the MGO Global Inc. 2022 Equity Incentive Plan and are exempt from registration in reliance on exemption provided for under Section 4(a)(2) of the Securities Act of 1933.