MGO Global Inc.

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Ademi LLP is investigating MGO Global (Nasdaq: MGOL) for possible breaches of fiduciary duty and other violations of law in its reverse merger transaction with Heidmar.

In the transaction, MGO Global shareholders will receive one registered common share of newly formed holding company PubCo for each share of MGO’s common stock they own with an implied fully diluted equity value of $18.0 million. Heidmar’s shareholders will exchange their shares of Heidmar common stock for $300 million in registered common shares of PubCo. MGO Global’s existing shareholders are expected to own approximately only 5.6% of the PubCo after the transaction. 

MGO Global insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of MGO Global’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.