Mercurity fintech holding inc. announces closing of $10 million private placement financing to support recent expansion into ai hardware intelligent manufacturing

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.
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