Chaince Securities acts as placement agent for Wellchange’s $4m offering

NEW YORK - Chaince Securities LLC, a FINRA-registered broker-dealer and subsidiary of Mercurity Fintech Holding Inc. (NASDAQ:MFH), served as the exclusive placement agent for Wellchange Holdings Company Limited (NASDAQ:WCT) in a recent private placement transaction. MFH shares have surged over 24% in the past week, trading near their 52-week high of $10.67. According to InvestingPro analysis, the stock appears overvalued at current levels.

On September 2, 2025, Wellchange entered into agreements with institutional investors for the issuance and sale of 100,000,000 Class A ordinary shares at $0.04 per share. The offering, which closed on September 4, 2025, raised gross proceeds of $4.0 million before deducting placement agent fees and expenses. MFH, with its strong liquidity position (current ratio of 2.59) and impressive revenue growth of 126% over the last twelve months, continues to expand its financial services portfolio. Discover 15+ additional key metrics and insights with InvestingPro.

Under the terms of the registration rights agreement, Wellchange has committed to file a resale registration statement with the U.S. Securities and Exchange Commission within sixty days of the closing date.

The Hong Kong-based enterprise software solutions provider intends to use the net proceeds for general corporate purposes, which may include acquisitions and working capital.

Wellchange offers customized software, cloud-based SaaS platforms, and white-label development services to small and medium-sized businesses through its subsidiary Wching HK.

Chaince Securities, headquartered in New York, provides advisory, placement, and capital markets solutions with a focus on emerging growth companies.

This information is based on a press release statement from Chaince Securities.

In other recent news, Mercurity Fintech Holding Inc. announced that its subsidiary, Chaince Securities, successfully completed a $2.6 million private placement for Trident Digital Tech Holdings Ltd. The transaction involved the issuance and sale of Class B ordinary shares to institutional investors. Additionally, Mercurity Fintech’s ordinary shares have been approved for options trading on multiple U.S. options exchanges, expanding trading opportunities for investors. In a strategic move, Chaince Securities entered into a non-binding Memorandum of Understanding with Singapore-based OGBC Group. This agreement focuses on integrating digital assets with traditional finance and includes plans to create a Digital Asset Treasury fund targeting blockchain projects in Asia. Furthermore, Mercurity Fintech appointed Peter Nobel, a member of the Nobel family and Chairman of the Nobel Sustainability Trust Foundation, as an Independent Director on its Board. His expertise in sustainability and governance is expected to align with the company’s vision of merging financial innovation with sustainability standards.

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