Micropolis Holding (MCRP) files for 7.1M share offering

Micropolis Holding (NYSE: MCRP) has filed the following:

This prospectus is part of a registration statement on Form F-1 that we filed with the U.S. Securities and Exchange Commission (the “SEC”). It relates to the resale, from time to time, by Streeterville Capital, LLC (the “Selling Shareholder”) of up to 7,100,000 of our ordinary shares, par value $0.0001 per share (the “Ordinary Shares”). These Ordinary Shares consist of (i) up to 5,000,000 Ordinary Shares issuable upon exercise of a warrant issued to the Selling Shareholder (the “Warrant Shares”) and (ii) up to 2,100,000 Ordinary Shares issuable upon conversion of a convertible promissory note issued to the Selling Shareholder (the “Conversion Shares” and, together with the Warrant Shares, the “Registered Shares”). We agreed to register at least 7,100,000 Ordinary Shares for resale in connection with the financing described under “Prospectus Summary—The Offering.”

We are not offering any securities for sale under this prospectus and will not receive any proceeds from sales of Registered Shares by the Selling Shareholder. We may, however, receive proceeds if and to the extent the Warrant is exercised for cash. The Warrant is exercisable for up to 5,000,000 Warrant Shares at an exercise price of $5.00 per share. If the Warrant were exercised in full for cash at that price, we would receive gross proceeds of up to approximately $25.0 million. The Warrant also permits cashless exercise in certain circumstances, in which case we would not receive cash proceeds.

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