Appointment of prestigious Nobel family leader is a major stepping stone in the convergence of traditional finance and next-gen innovationNew York, NY, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a blockchain-powered fintech group and Russell 2000 Index member, today announced the appointment of Peter Nobel as Independent Director and Wilfred Daye, Chief Strategy Officer (CSO) of MFH, as Director to its Board of Directo ...

Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully closed the sale of an additional 210,000 Class A ordinary shares at the IPO price of $4.00 per share, raising a total of $6,440,000 from the Offering [1][2]. Group 1: Offering Details - The Offering included the full exercise of the underwriters' over-allotment option and was conducted on a firm commitment basis [1][3]. - Prime Number Capital, LLC served as the representative underwriter and sole book-runner for the Offering [3]. - The gross proceeds from the Offering consist of $5,600,000 from the initial IPO and $6,440,000 from the additional shares sold [1][2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes [2]. Group 3: Regulatory Information - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on August 7, 2025 [4]. - The final prospectus related to the Offering was also filed with the SEC on August 7, 2025, and is available through various channels [4]. Group 4: Company Overview - Etoiles Capital Group Co., Ltd operates as a Cayman Islands holding company through its Hong Kong subsidiary, providing comprehensive financial advisory and capital markets services [7].

Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully priced its initial public offering (IPO) of 1,400,000 Class A ordinary shares at $4.00 per share, aiming to raise approximately $5.6 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "EFTY" on August 8, 2025 [1]. - The company has granted underwriters a 45-day option to purchase an additional 210,000 Class A ordinary shares at the public offering price [1]. - The expected closing date for the Offering is around August 11, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes [2]. Group 3: Underwriting and Legal Counsel - The Offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner [3]. - Legal counsel for the company includes Loeb & Loeb LLP for U.S. matters and Ogier for Cayman Islands matters, while Ye & Associates, P.C. provided counsel to the underwriting syndicate [3]. Group 4: Regulatory Filings - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 7, 2025 [4]. - The final prospectus related to the Offering was also filed with the SEC on the same date and is available through various channels [4]. Group 5: Company Overview - Etoiles Capital Group Co., Ltd is a Cayman Islands holding company operating through its Hong Kong subsidiary, Etoiles Consultancy Limited, providing comprehensive financial advisory and capital markets services [7].

Group 1 - Mercurity Fintech Holding Inc. has officially joined the Russell 2000® Index, effective after the U.S. market close on June 27, 2025, enhancing institutional investor access and market visibility [1][2] - The company has also been included in the broader Russell 3000® Index, which signifies a significant milestone for gaining access to a wider base of institutional investors [2][3] - The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 [3] Group 2 - As of June 2024, approximately $10.6 trillion in assets were benchmarked to Russell U.S. indexes, which are maintained by FTSE Russell, serving as benchmarks for investment managers and institutional investors [4] - The inclusion in the Russell Index is expected to increase awareness and visibility for Mercurity Fintech among professional investment managers, potentially leading to greater institutional investment [3][5] - The company aims to bridge traditional finance and digital innovation, offering services that span digital assets, financial advisory, and capital markets solutions [5]