03:49 AM EDT, 07/16/2025 (MT Newswires) -- Mega Fortune (MGRT) said late Tuesday it priced its initial public offering of about 3.8 million shares at $4 per share to raise gross proceeds of $15 million.

The company, which operates an Internet of Things platform, said the stock is set to begin trading on Nasdaq on Wednesday under the ticker symbol 'MGRT.'

The offering is scheduled to close around Thursday, the company said. The underwriters have a 45-day option to buy up to an additional 562,500 shares.