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MEI Pharma ( (MEIP) ) has issued an update.
On July 17, 2025, MEI Pharma entered into securities purchase agreements for a private placement offering, raising approximately $100 million to initiate a Litecoin treasury strategy, marking it as the first publicly traded company to hold Litecoin as a treasury reserve asset. The transaction, expected to close on July 22, 2025, involves significant stakeholders including Charlie Lee, the creator of Litecoin, joining the board, and GSR acting as the treasury’s asset manager, indicating a strategic shift towards integrating cryptocurrency into MEI’s financial operations.
Spark’s Take on MEIP Stock
According to Spark, TipRanks’ AI Analyst, MEIP is a Neutral.
MEI Pharma’s overall stock score is low, primarily due to significant financial performance challenges and poor valuation metrics. Weak revenue and profitability, declining asset base, and negative cash flow contribute to a fragile financial position. Additionally, technical indicators suggest a bearish trend, further impacting investor sentiment. Without clear guidance or positive corporate events, the stock’s outlook remains unfavorable.
To see Spark’s full report on MEIP stock, click here.
More about MEI Pharma
MEI Pharma, Inc. (Nasdaq: MEIP) is a pharmaceutical company with a portfolio of several drug candidates that may offer novel and differentiated therapies. The drug candidate pipeline includes voruciclib, an oral cyclin-dependent kinase 9 inhibitor.
Average Trading Volume: 843,869
Technical Sentiment Signal: Buy
Current Market Cap: $39.44M
See more insights into MEIP stock on TipRanks’ Stock Analysis page.