Boustead Securities, LLC (“Boustead”) client MGO Global Inc., operator of The Messi Store (Nasdaq: MGOL,”MGO Global” or the “Company”), announces the closing of its initial public offering (the “Offering”) of 1,725,000 shares of common stock, including the full exercise by the underwriters of their overallotment option to purchase 225,000 shares, at a price to the public of $5.00 per share. The aggregate gross proceeds of the Offering, including the overallotment, were $8,625,000, prior to deducting underwriting discounts, commissions and Offering expenses.

Boustead Securities, LLC, Sutter Securities, Inc. and Revere Securities, LLC acted as the underwriters for the Offering.

A registration statement on Form S-1, as amended (File No. 333-268484) relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on January 12, 2023. The Offering is being made only by means of a prospectus. A copy of the final prospectus relating to the Offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov.

A copy of the final prospectus relating to the Offering may also be obtained from Boustead Securities, LLC by way of emailing requests to offerings@boustead1828.com; or by calling 1-949-502-4408; or by request by standard mail to Boustead Securities, LLC, Attention: Equity Capital Markets, 6 Venture, Suite 395, Irvine, California 92618, USA.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.