Core Viewpoint - Mercurity Fintech Holding Inc. has successfully priced a new PIPE financing, raising approximately US5.87 per share, reflecting strong institutional confidence in the company's strategic direction [1][3][4]. Group 1: PIPE Financing Details - The PIPE financing was priced at-the-market, representing 100% of the closing price of the company's shares on January 8, 2025 [1]. - The financing is expected to close on or before January 17, 2025, subject to customary closing conditions [2]. - This new PIPE investment follows a previous successful PIPE offering of US6.81 per share [3]. Group 2: Use of Proceeds and Strategic Vision - The company plans to utilize the funds from this latest PIPE to enhance its business in AI hardware intelligent manufacturing and advanced liquid cooling solutions [3][4]. - The CEO emphasized that the rapid succession of investments indicates growing confidence from the institutional investor in the company's vision and operational capabilities [4]. Group 3: Company Overview - Mercurity Fintech Holding Inc. operates as a digital fintech company with a focus on distributed computing and digital consultation across North America and the Asia-Pacific region [5]. - The company aims to provide innovative financial solutions while maintaining compliance, professionalism, and operational efficiency in the evolving digital finance landscape [5].
Mercurity Fintech Holding Inc. Priced Additional $8 Million Private Placement Financing to Strengthen Its Business Development in AI Manufacturing Innovations