Company Overview - Mercurity Fintech Holding Inc. is a digital fintech group focused on delivering innovative financial solutions and services across North America and the Asia-Pacific region, emphasizing compliance, professionalism, and operational efficiency [10]. Recent Developments - The company successfully closed a private investment in public equity (PIPE) financing, selling 1,470,000 ordinary shares to an institutional investor at a price of US10 million [5][9]. - The PIPE offering was priced at-the-market, representing 100% of the closing price of the company's shares on the last trading day prior to the agreement [5]. Strategic Initiatives - The net proceeds from the PIPE financing will be utilized to support strategic initiatives, including investments in AI hardware intelligent manufacturing and the development of advanced liquid cooling solutions, aimed at enhancing the efficiency and sustainability of AI-driven infrastructure [9]. - The funding is expected to strengthen the company's day-to-day operations and enable it to scale initiatives in response to the evolving demands of AI-powered industries [6].
Mercurity Fintech Holding Inc. Announces Closing of $10 Million Private Placement Financing to Support Recent Expansion into AI Hardware Intelligent Manufacturing