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Mercurity Fintech Holding Inc. (MFH) announced it has entered securities purchase agreements with institutional investors for a registered direct offering valued at $43.70 million. The company will issue 12,485,715 ordinary shares at $3.50 per share along with an equal number of warrants.
The warrants carry an exercise price of $3.50 per share and expire in five years. The offering is expected to close on or about July 22, 2025, subject to customary closing conditions.
Participating investors include LTP, Syntax Capital, OGBC Group, and Blockstone Capital, which operate primarily in the digital assets and blockchain sector. D. Boral Capital LLC serves as sole placement agent for the transaction.
Mercurity stated it intends to use net proceeds to advance its crypto treasury strategy, including ecosystem staking, tokenized yield instruments, and institutional-grade on-chain financial infrastructure. Additional funds will support working capital and general corporate purposes.
The securities are being offered under a shelf registration statement on Form F-3 that was previously filed with and declared effective by the Securities and Exchange Commission. VCL Law LLP represents the company while Sichenzia Ross Ference Carmel LLP serves as counsel to the placement agent.
The New York-based company describes itself as a fintech group offering technology and financial services through blockchain infrastructure, including digital asset management and capital markets solutions through subsidiaries such as Chaince Securities.