Mercurity fintech holding inc. priced additional $8 million private placement financing to strengthen its business development in ai manufacturing innovations

New york, ny, jan. 15, 2025 (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 pricing of another private investment in public equity (the “pipe”) financing. on january 9, 2025, the company entered into a securities purchase agreement and priced the pipe offering, pursuant to which it sold an aggregate of 1,370,000 ordinary shares to one institutional investor at a price of us$5.87 per share. the financing is priced at-the-market under nasdaq rules, representing 100% of the closing price of the company's shares on january 8, 2025. the offering resulted in total gross proceeds of approximately us$8,041,900 ("gross proceeds") before deducting fees and offering expenses payable by the company.
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