Mercurity Fintech Holding Inc. announced on December 26, 2024, the successful closing of a private investment in public equity (PIPE) financing. The company sold an aggregate of 1,470,000 ordinary shares to one institutional investor at a price of US$6.81 per share.
This offering generated total gross proceeds of approximately US$10 million, before deducting fees and offering expenses. The financing was priced at-the-market under Nasdaq rules, reflecting 100% of the closing price on the last trading day prior to the agreement.
The net proceeds from this PIPE financing are designated to support Mercurity Fintech’s strategic initiatives, including recent investments in AI hardware intelligent manufacturing and the development of advanced liquid cooling solutions. The funding will also supplement ongoing operating expenses and reinforce the company's commitment to sustainable growth.
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