Mercurity Fintech Holding to sell $5M in company units

Mercurity Fintech "announced that on December 23, 2022, in connection with its private investment in public equity financing, it entered into a Securities Purchase Agreement with an accredited non-U.S. investor to offer and sell the Company’s units, each consisting of one ordinary share and three Warrants for total gross proceeds of $5 million. The closing of this third PIPE financing together with the consummation of the first and second PIPE financing would yield total gross proceeds of $13.15 million invested in the Company’s shares and warrants by third parties in the second half of 2022. The Company expects to use the net proceeds from the three rounds of PIPE financing to develop its Web3 and blockchain infrastructure, expand its consultation services, and pursue the licensure for cryptocurrency from New York State Department of Financial Services although the Company cannot provide any assurance on actually obtaining the "BitLicense" in the near future or at all."