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":"應用軟件","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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