Mercurity Fintech Raises $43.70 Million in Registered Direct Offering

Mercurity Fintech Holding Inc. has successfully entered into securities purchase agreements with several institutional investors for a registered direct offering valued at $43.70 million. The company plans to issue 12,485,715 ordinary shares at a price of $3.50 per share, along with an equivalent number of warrants. These warrants will have an exercise price of $3.50 per share and will remain valid for a period of five years. The closing of the offering is anticipated to occur on or around July 22, 2025, contingent upon the fulfillment of customary closing conditions.

The institutional investors participating in this offering include LTP, Syntax Capital, OGBC Group, and Blockstone Capital, all of which are prominent players in the digital assets and blockchain sector. D. Boral Capital LLC has been appointed as the sole placement agent for this transaction.

Mercurity Fintech intends to allocate the net proceeds from this offering to advance its crypto treasury strategy. This includes initiatives such as ecosystem staking, tokenized yield instruments, and the development of institutional-grade on-chain financial infrastructure. Additionally, a portion of the funds will be used to support working capital and general corporate purposes.

The securities involved in this offering are being issued under a shelf registration statement on Form F-3, which was previously filed with and declared effective by the Securities and Exchange Commission. VCL Law LLP is representing the company in this matter, while Sichenzia Ross Ference Carmel LLP serves as counsel to the placement agent.

Based in New York, Mercurity Fintech is a fintech group that provides technology and financial services through blockchain infrastructure. The company's offerings include digital asset management and capital markets solutions, delivered through its subsidiaries such as Chaince Securities.