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Mercurity Fintech Holding Inc. Announces Pricing of Registered Direct Offering of $43.70 Million For Crypto Treasury Strategy
GlobeNewswire News Roomยท 2025-07-21 18:12
Core Viewpoint - Mercurity Fintech Holding Inc. has announced a registered direct offering of ordinary shares and warrants to support its crypto treasury strategy and development of on-chain financial tools [1][4]. Group 1: Offering Details - The company will issue 12,485,715 ordinary shares and 12,485,715 warrants at an effective offering price of $3.50 per share [3]. - The warrants will have an exercise price of $3.50 per share and a term of five years [3]. - The offering is expected to close on or about July 22, 2025, subject to customary closing conditions [3]. Group 2: Participants and Advisors - Participants in this financing include LTP, Syntax Capital, OGBC Group, and Blockstone Capital, which are firms operating primarily in the digital assets and blockchain sector [2]. - D. Boral Capital LLC is acting as the sole placement agent for the offering [4]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to advance the company's crypto treasury strategy, including ecosystem staking, tokenized yield instruments, and institutional-grade on-chain financial infrastructure, as well as for working capital and general corporate purposes [4]. Group 4: Company Overview - Mercurity Fintech Holding Inc. is a fintech group powered by blockchain infrastructure, offering technology and financial services [7]. - The company aims to bridge traditional finance and digital innovation across digital asset management, financial advisory, and capital markets solutions [7].