Mercurity Fintech Holding Inc. Announced Closing Of $5 Million Private Investment In Public Equity (Pipe) Financing
Amount Raised
$5 Million
Round Type
Post-IPO Equity
Description
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.
Quick answer
Mercurity Fintech Holding raised $5 Million in a Post-IPO Equity round, dated December 2, 2022.
- How much did Mercurity Fintech Holding raise?
- Mercurity Fintech Holding raised $5 Million in a Post-IPO Equity round on December 2, 2022.
- What does Mercurity Fintech Holding do?
- Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consultation across North America and the Asia-Pacific region and is in the process of..
- Who are the decision-makers at Mercurity Fintech Holding?
- Fundz holds 3 contacts at Mercurity Fintech Holding, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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