Mercurity Fintech Holding Inc. Announces Closing of $10 Million Private Placement Financing to Support Recent Expansion into AI Hardware Intelligent Manufacturing
Mercurity Fintech Holding Inc. - American Ordinary Shares (MFH)
Company Research
Source: GlobeNewswire
New York, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce the closing of a private investment in public equity (the “PIPE”) financing. On December 19, 2024, the Company entered into a securities purchase agreement and priced the PIPE offering, pursuant to which it sold an aggregate of 1,470,000 ordinary shares to one institutional investor at a price of US$6.81 per share. The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of the Company’s shares on the last trading day prior to the agreement. The offering resulted in total gross proceeds of approximately US$10 million (“Gross Proceeds”), before deducting fees and offering expenses payable by the Company. The Company has successfully closed the PIPE financing and received the proceeds on December 23, 2024.The Company intends to use the net proceeds derived
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- Mercurity Fintech Holding Inc.'s (NASDAQ:MFH) stock price dropped 23% last week; retail investors would not be happy [Yahoo! Finance]Yahoo! Finance
- Mercurity Fintech Holding Inc. (MFH) Ventures into AI Hardware Manufacturing with Hong Kong JV, Targeting Precision Components and Advanced Cooling Solutions [Yahoo! Finance]Yahoo! Finance
- Mercurity Fintech Announces Strategic Joint Venture to Expand into AI Hardware Intelligent Manufacturing and Support Liquid Cooling Solutions for World Leading AI Servers [Yahoo! Finance]Yahoo! Finance
- Mercurity Fintech Announces Strategic Joint Venture to Expand into AI Hardware Intelligent Manufacturing and Support Liquid Cooling Solutions for World Leading AI ServersGlobeNewswire
- Mercurity Fintech Announces Unaudited Financial Results for First Half 2024GlobeNewswire