- Mercurity Fintech ( NASDAQ: MFH ) entered into a securities purchase agreement with an accredited non-U.S. investor to offer and sell the company’s units, each consisting of one ordinary share and three warrants for total gross proceeds of $5M.
- The closing of this third PIPE financing together with the consummation of the first and second PIPE financing would yield total gross proceeds of $13.15M invested in the company’s shares and warrants by third parties in H2 2022.
- The company expects to use the net proceeds from the three rounds of PIPE financing to develop its Web3 and blockchain infrastructure, expand its consultation services, and pursue the licensure for cryptocurrency.
- Company shall issue an aggregate of 4.54B units at a purchase price of $0.00110 per unit for total gross proceeds of ~$5M.
For further details see:
Mercurity Fintech announced third private investment in public equity financing of $5M