Chaince Digital Holdings Inc. filings document a Cayman Islands issuer reporting as a foreign private issuer on Form 20-F and furnishing Form 6-K reports, alongside current reports covering material events. The filings identify the company as formerly Mercurity Fintech Holding Inc. and describe ordinary-share transactions, Securities Purchase Agreements, Regulation S offerings, and private placements related to corporate financing.
Recent regulatory disclosures also cover unregistered sales of equity securities, material definitive agreements, changes in the independent registered public accounting firm, Audit Committee approval of auditor changes, press-release exhibits, institutional ownership updates, and strategic cooperation disclosures. These records frame the company’s governance, capital structure, reporting controls, and public-company status.
Chaince Digital Holdings Inc., a Cayman Islands holding company operating mainly through U.S. and Hong Kong subsidiaries, is conducting a primary offering of 30,560,000 ordinary shares at $0.53 per share under a securities purchase agreement with institutional investors. The shares trade on Nasdaq Global Market under the symbol CD; the last reported price on August 7, 2026 was $2.65 per share.
The transaction has no underwriter or placement agent, yielding estimated gross proceeds of $16,196,800 and net proceeds of $16,156,800. Shares outstanding are expected to increase to 110,003,800 from 79,443,800. The company plans to use the cash, which may be received in U.S. dollars, USDC, USDT or a combination, for a digital asset reserve, working capital, general corporate purposes, and potentially complementary products or technologies.
The business focuses on financial and capital markets advisory services, primarily via its FINRA-registered broker-dealer and RIA in New York. Management highlights limited current exposure to PRC regulation, with PRC counsel indicating no present need for CSRC or CAC approvals and PCAOB-inspected U.S. auditors mitigating current HFCAA delisting risk, while acknowledging evolving regulatory frameworks.
Chaince Digital Holdings Inc., a Cayman Islands company listed on the Nasdaq Global Market, filed an amendment to its annual report for the year ended December 31, 2025 to expand and clarify disclosure about relying, as a foreign private issuer, on Cayman home country corporate governance practices instead of many Nasdaq Rule 5600 requirements, including the shareholder approval rules under Nasdaq Listing Rule 5635(d) for certain 20% issuances.
The company details related-party arrangements in which loans and share-delivery obligations owed to three related parties were irrevocably waived in 2025, leading to full derecognition of the related payables and recognition of a gain on debt forgiveness in other income. Waivers covered obligations to former shareholders and associates that had provided working capital or ADS deliveries on the company’s behalf.
The board has five directors, three of whom (Alan Curtis, Hui Cheng and Peter Nobel) are identified as independent and serve on the audit, compensation, and nominating and corporate governance committees, all chaired by Hui Cheng. As of June 30, 2025, ordinary shares held by non-affiliates had an aggregate market value of $190,259,746, and total ordinary shares outstanding were 79,409,800 as of August 7, 2026.
Chaince Digital Holdings Inc. updated the proxy voting deadline for its 2026 Annual General Meeting of Shareholders. Proxies submitted by mail or electronically must now be received by 11:59 p.m. Eastern Time on August 20, 2026, one day earlier than previously stated. All other proxy materials and meeting details remain unchanged.
Chaince Digital Holdings Inc. is convening its 2026 Annual General Meeting of Shareholders on August 24, 2026 at 10:00 a.m. Eastern Time, in New York and online. Holders of 79,443,800 Ordinary Shares outstanding at the July 14, 2026 record date are entitled to one vote per share.
Shareholders will vote on electing or re‑electing five directors; ratifying Tang Qian & Associates PLLC as independent auditor for the year ending December 31, 2026; increasing authorized share capital from US$4,000,000 (1,000,000,000 Ordinary Shares, par value US$0.004) to US$80,000,000 (20,000,000,000 Ordinary Shares, par value US$0.004); and authorizing the board, within three years, to implement one or more share consolidations (reverse stock splits) at ratios between 2:1 and 200:1 per consolidation, with a cumulative cap of 4,000:1. The board unanimously recommends voting FOR all proposals.
Chaince Digital Holdings Inc. reported that Wilfred Daye resigned from its board of directors and from his role as Chief Strategy Officer, effective June 3, 2026. The company states that his resignation was voluntary and not due to any disagreement regarding operations, policies, or practices.
Chaince Digital Holdings chief strategy officer Daye Wilfred ZhongKei reported two open-market sales of common stock. He sold 2,000 shares on June 1 at $8.53 per share and 2,000 shares on June 2 at $9.07, disposing of 4,000 shares in total. After these transactions, he directly holds 69,765 shares of common stock.
Chaince Digital Holdings Inc. director and CSO Daye Wilfred ZhongKei reported selling a total of 8,000 shares of Common Stock in open-market transactions over three days. The sales occurred on May 19, 20 and 21, 2026 at prices between $9.33 and $9.66 per share. After these transactions, ZhongKei directly holds 73,765 shares of Chaince Digital Holdings common stock.
Chaince Digital Holdings reported first-quarter 2026 revenue of $507,546 from its financial services and advisory businesses, sharply higher than $25,065 a year earlier, turning gross profit to $218,025 from a prior gross loss.
The company still posted a net loss of $1,352,444, similar to the $1,301,478 loss in 2025, as operating expenses reached $1,526,114. Loss from discontinued Filecoin mining operations was $265,791. Cash and cash equivalents rose to $36,718,776, helped by $3,839,040 of share issuance, supporting management’s conclusion that available liquidity and growth plans alleviate prior substantial doubt about going concern. Total assets were $49,661,667 and shareholders’ equity $46,964,404 as of March 31, 2026.
Chaince Digital Holdings Inc., a Cayman Islands holding company listed on Nasdaq, reports that its core business is now financial services and capital markets advisory, mainly through U.S. and Hong Kong subsidiaries.
For the year ended December 31, 2025, revenue from financial services and advisory activities rose to $1.87 million from $0.49 million, while gross margin improved to 64.31%. Despite this growth, Chaince recorded a net loss of $5.10 million, wider than the prior year’s $4.53 million, driven by higher general and administrative expenses, share-based payments and losses on digital assets.
The company raised equity through several private placements in 2025 and early 2026 and converted an unsecured convertible note into ordinary shares, increasing its share count to 79,409,800 as of March 20, 2026. In December 2025, the board approved discontinuation of Filecoin mining, which is now treated as discontinued operations, while the company continues to hold stablecoins and other digital assets on its balance sheet.