DarkIris files proposed share-and-warrant offering

DarkIris filed a preliminary prospectus on September 30 for a best-efforts public offering of up to 4,166,666 units at an assumed price of $1.20 each. The Nasdaq-listed company operates mobile games and video marketing businesses through Hong Kong subsidiaries. Each unit includes a Class A share and a warrant. A zero exercise price option would let warrant holders receive approximately 12 shares without additional payment; DarkIris expects holders to choose that option and says it will likely receive no warrant exercise proceeds. The offering has no minimum proceeds requirement, and securities cannot be sold until the registration statement becomes effective.