Mercurity fintech holding inc. announced closing of $5 million private investment in public equity (pipe) financing

Shenzhen, china, dec. 02, 2022 (globe newswire) -- 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 company's 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”). net proceeds from the pipe financing are expected to be used to advance the company's business development activities for working capital and other general corporate purposes.
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