Mercurity Fintech Shares Rise on $8M PIPE Investment

Dow Jones

01-16

By Chris Wack

Mercurity Fintech shares were up 22%, to $6.82, after the company priced a private investment in public equity financing.

The digital financial technology company on Wednesday said it entered into a securities purchase agreement and priced the PIPE offering of about 1.4 million shares to one institutional investor at $5.87 a share.

The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of Mercurity's shares on Jan. 8, said the New York-based firm.

The offering resulted in proceeds of about $8 million before deduction of fees and offering expenses payable by Mercurity.

The PIPE is expected to close on or before Friday, said the company.

The company added that it closed a $10 million PIPE investment with the same institutional investor on Dec. 19 at $6.81 a share.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 15, 2025 12:46 ET (17:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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\n</p>\n<pre>\n \n</pre>\n<p>\n  Mercurity Fintech shares were up 22%, to $6.82, after the company priced a private investment in public equity financing. \n</p>\n<p>\n  The digital financial technology company on Wednesday said it entered into a securities purchase agreement and priced the PIPE offering of about 1.4 million shares to one institutional investor at $5.87 a share. \n</p>\n<p>\n   The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of Mercurity's shares on Jan. 8, said the New York-based firm. \n</p>\n<p>\n  The offering resulted in proceeds of about $8 million before deduction of fees and offering expenses payable by Mercurity. \n</p>\n<p>\n  The PIPE is expected to close on or before Friday, said the company. \n</p>\n<p>\n  The company added that it closed a $10 million PIPE investment with the same institutional investor on Dec. 19 at $6.81 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 12:46 ET (17:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503678839","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503678839","pubTimestamp":1736963160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Mercurity Fintech shares were up 22%, to $6.82, after the company priced a private investment in public equity financing.The digital 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Fintech股价因PIPE投资800万美元而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTVI":1,"MFH":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  Mercurity Fintech shares were up 22%, to $6.82, after the company priced a private investment in public equity financing. \n\n\n  The digital financial technology company on Wednesday said it entered into a securities purchase agreement and priced the PIPE offering of about 1.4 million shares to one institutional investor at $5.87 a share. \n\n\n   The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of Mercurity's shares on Jan. 8, said the New York-based firm. \n\n\n  The offering resulted in proceeds of about $8 million before deduction of fees and offering expenses payable by Mercurity. \n\n\n  The PIPE is expected to close on or before Friday, said the company. \n\n\n  The company added that it closed a $10 million PIPE investment with the same institutional investor on Dec. 19 at $6.81 a share. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 12:46 ET (17:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}