Mercurity Fintech Holding Inc. Announced Third Private Investment in Public Equity Financing of $5 Million

NEW YORK, December 27, 2022 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (“Company”, “We”, “Us”, “Company”, or “MFH”) (Nasdaq: MFH)today announced that, on December 23, 2022, it has entered into a Securities Purchase Agreement (“SPA”) in connection with its private investment in an initial public offering (“PIPE”). A licensed non-U.S. investor, each consisting of one share of common stock and his three warrants (each a “Warrant”, collectively the “Warrants”), totaling $5 million (“Income”). This completion of his third PIPE financing and the completion of his first and second PIPE financings resulted in a total of 13.15 million third-party investments in our shares and warrants in the second half of 2022. You get total revenue in dollars. The company will use funds from three PIPE rounds to develop its Web3 and blockchain infrastructure, expand its consulting services, and obtain a cryptocurrency license (“BitLicense”) from the New York State Department of Financial Services. We have procured it, but we cannot guarantee that it will actually be obtained. “BitLicense” in the near future or at all.

Pursuant to the SPA, the Company shall issue a total of 4,545,454,546 Units at a purchase price of $0.00110 per Unit for an aggregate aggregate sum of approximately $5,000,000. Each unit consists of one share of his common stock and three warrants of his, each warrant entitles the investor to purchase one share of his common stock at an exercise price of 1/360 per share of his common stock. give. Warrants are valid for three years from the date of issue.

The securities referred to above have been sold in a private placement, have not been registered under the Securities Act of 1933, as amended, and have not been offered in the United States unless registered with the Securities and Exchange Commission (“SEC”). or cannot be sold. or any applicable exemption from such registration requirements.

“It took us hundreds of years to build Wall Street, but with cryptocurrencies everything accelerates. Despite the volatility of the capital markets, we spent three years building Web3 and blockchain infrastructure. and believes it will thrive from its business model and unwavering dedication to this exciting and ever-expanding space, said the company’s Chief Executive Officer, “We are looking to close this latest PIPE fundraising in the second half of 2022 with a total of $1,315. We are proud to announce that the first two rounds of our $10,000 PIPE funding have been completed, and we would like to thank our investors who have shared our vision for the future and supported us. .by giving us the responsibility to build it.In early 2023, we will publish a detailed growth strategy outlining our strategic vision for the next three years.”

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor does any such offer, solicitation or sale be illegal in any state or jurisdiction. No securities are sold. prior to registration or qualification under the securities laws of such state or jurisdiction;

About Mercury Fintech Holding Inc. Limited

Mercury Fintech Holding Inc. is a digital fintech group powered by blockchain technology.[Business Description]The company’s main business scope includes digital asset trading, asset digitization, cross-border remittance, and other services, providing professional, compliant, and highly efficient digital financial services. provide to customers. The company recently started narrowing down to bitcoin mining, digital currency investing and trading, and other related areas. This change has allowed the company to deepen its involvement in all aspects of the blockchain industry, from production to distribution.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on our current expectations and projections regarding future events and financial trends, and are based on our financial condition, results of operations and business strategy. , and may affect our financial needs. Investors may, “may,” “would,” “expect,” “forecast,” “intend,” “estimate,” “intend,” “plan,” “believe,” “likely”, “continue”, “likely” or other similar expressions. We undertake no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in expectations, except as required by law. Although we believe the expectations expressed in these forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove to be correct.

For more information, please contact:

International Elite Capital Co., Ltd.
Vicky Chun
Phone: +1(646) 866-7989

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