Mercurity Fintech Holding Inc. Announced Closing of $5 Million Private Investment in Public Equity (PIPE) Financing | Mercurity

Funding Rounds

▤ Summary

Shenzhen, China, Dec. 02, 2022 Mercurity Fintech Holding Inc. (the Company or MFH) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that on November 30, 2022, in connection with its private offering (the PIPE), it entered into a Securities Purchase Agreement (the SPA) with two investors to offer and sell the Companys units, each consisting of one ordinary share and three warrants (each, a Warrant and collectively, the Warrants) for total gross proceeds of $5 million (the Proceeds). The Company recently began to narrow in on Bitcoin mining, digital currency investment and trading, and other related fields. This shift has enabled the company to deepen its involvement in all aspects of the blockchain industry, from production to circulation.This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors can identify these forward-looking statements by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, potential, continue, is/are likely to or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

$ Funding

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Amount $5.0M Total raised
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Date November 30, 2022 Announcement date
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Investors - Lead investors
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Company https://www.mercurity.com/ Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Embedded Finance SaaS Financial Software

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