Mercurity Fintech Holding Inc. announced on January 15, 2025, the pricing of another private investment in public equity (PIPE) financing. The company entered into a securities purchase agreement on January 9, 2025, to sell 1,370,000 ordinary shares to one institutional investor at a price of US$5.87 per share.
This offering is expected to generate total gross proceeds of approximately US$8,041,900, before deducting fees and offering expenses. The financing was priced at-the-market under Nasdaq rules, representing 100% of the closing price of the company's shares on January 8, 2025.
The company plans to leverage this latest funding to develop its business in AI hardware intelligent manufacturing and advanced liquid cooling solutions. This PIPE investment follows a previous US$10 million PIPE offering with the same institutional investor on December 19, 2024, indicating continued backing for MFH's strategic vision.
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