Mercurity Fintech Holding Inc. (Nasdaq: MFH) has raised $43.7 million in a registered direct offering of securities.
The company issued a total of 12,485,715 common shares alongside an equivalent number of warrants, with each combined unit priced at $3.50.
Purchasers in the offering include prominent digital asset firms LTP, SYN Capital, OGBC Group, and Block Stone Capital.
The warrants issued carry a strike price equivalent to the $3.50 share price and have a five-year maturity period.
Mercurity Fintech Holding Inc. stated that the net proceeds from this offering will be directed towards expanding its initiatives within the cryptocurrency finance sector.
This significant capital injection highlights institutional participation in funding ventures focused on developing crypto financial services.