Mercurity Fintech Holding prices 1.37M shares at $5.87 in private placement

Mercurity Fintech Holding (MFH)announced the pricing of another private investment in public equity financing. On January 9, 2025, the Company entered into a securities purchase agreement and priced the PIPE offering, pursuant to which it sold an aggregate of 1,370,000 ordinary shares to one institutional investor at a price of $5.87 per share. The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of the Company’s shares on January 8, 2025. The offering resulted in total gross proceeds of approximately $8,041,900 before deducting fees and offering expenses payable by the Company. Subject to customary closing conditions, the PIPE is expected to close on or before January 17, 2025.