Mopals.com, Inc. (OTCPK:MOMO) announced a private placement of 2,000,000 common stocks at a price of $0.25 for gross proceeds of $500,000 on December 2, 2013. The transaction included participation from Steve Gupta and three members of Steve Gupta's family. As part of the transaction Steve Gupta will join the board of directors of the company.

On December 2, 2013, Mopals.com, Inc. closed the transaction.