Mercurity Fintech Announces Registered Direct Offering Was Not Consummated
Rhea-AI Summary
Mercurity Fintech (NASDAQ: MFH) announced that its previously announced registered direct offering of ordinary shares and warrants has failed to close. The company cited market conditions and unforeseen challenges that prevented the satisfaction of certain customary closing conditions as the reasons for the offering not being consummated.
Positive
- None.
Negative
- Previously announced share offering failed to close due to market conditions
- Company unable to satisfy customary closing conditions for the offering
- Potential capital raising setback for the company
News Market Reaction 56 Alerts
On the day this news was published, MFH gained 22.73%, reflecting a significant positive market reaction. Argus tracked a peak move of +57.1% during that session. Argus tracked a trough of -13.3% from its starting point during tracking. Our momentum scanner triggered 56 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $61M to the company's valuation, bringing the market cap to $331M at that time.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY, July 29, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (NASDAQ: MFH) today announced that, due to market conditions and unforeseen challenges that prevented the satisfaction of certain customary closing conditions, the previously announced registered direct offering of ordinary shares and warrants was not consummated.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Mercurity Fintech Holding Inc.
Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation across digital asset management, financial advisory, and capital markets solutions.
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 current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Contact:
International Elite Capital Inc.
Annabelle Zhang
Tel: +1 (646) 866-7928
Email: mfhfintech@iecapitalusa.com
FAQ
Why did Mercurity Fintech (MFH) cancel its registered direct offering in July 2025?
What was included in Mercurity Fintech's (MFH) cancelled offering?
How does the cancelled offering affect Mercurity Fintech (MFH)?
What options does Mercurity Fintech (MFH) have after the failed offering?
