Mercurity Fintech Holding Inc. Announces Closing of $10 Million Private Placement Financing to Support Recent Expansion into AI Hardware Intelligent Manufacturing
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Mercurity Fintech Holding Inc. (Nasdaq: MFH) has closed a $10 million private placement financing to support its expansion into AI hardware intelligent manufacturing. The PIPE offering involved selling 1,470,000 ordinary shares at $6.81 per share, matching the market price.
December 26, 2024 | 1:15 pm
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Mercurity Fintech Holding Inc. has successfully raised $10 million through a private placement to fund its expansion into AI hardware manufacturing. The shares were sold at the market price, indicating investor confidence.
The successful closing of a $10 million private placement at market price suggests strong investor confidence and provides MFH with capital to support its strategic expansion into AI hardware manufacturing. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100