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Mercurity Fintech Holding Inc. Secures $10M in Share Offering - December 2024 Report

$MFH
Form 6-K
Filed on: 2024-12-26
Source
Mercurity Fintech Holding Inc. Secures $10M in Share Offering - December 2024 Report

Here are the key insights extracted from the financial report of Mercurity Fintech Holding Inc., a Form 6-K filed on December 26, 2024:

  1. Company Information:
  • Name: Mercurity Fintech Holding Inc.
  • Address: 1330 Avenue of the Americas, Floor 33, New York, NY 10019.
  • Commission File Number: 001-36896.
  1. Material Definitive Agreement:
  • On December 19, 2024, the company entered into a Securities Purchase Agreement with a non-U.S. investor (referred to as the "Purchaser").
  • The agreement facilitated a private placement offering, involving the sale and issuance of 1,470,000 ordinary shares at a par value of $0.004 per share.
  1. Offering Details:
  • Total Purchase Price: $10,010,700.
  • Price per Share: $6.81.
  • The offering was closed on December 26, 2024, following the receipt of the total purchase price.
  1. Additional Information:
  • The description of the transaction is qualified by reference to the full text of the Securities Purchase Agreement, which is included as Exhibit 10.1.
  • A Press Release regarding the transaction was also published on December 26, 2024, and is attached as Exhibit 99.1.
  1. Filing Confirmation:
  • The report is signed by Shi Qiu, who is the Chief Executive Officer of Mercurity Fintech Holding Inc.

This report highlights a significant capital influx through equity issuance, which could be indicative of the company's strategic initiatives or financial needs at the time. The details of the private placement offer and its completion may also reflect the company's growth prospects and investor confidence.