BEIJING, April 13, 2021 /PRNewswire/ – Mercurity Fintech
Holding Inc. ("MFH" or the "Company") (Nasdaq: MFH), today
announced that three investors, namely Kaiyu Chen, Baibang Technology Co., Ltd. and Le
Chai Wow Group Holding Ltd, have agreed to purchase a total of
537,143,470 ordinary shares of the Company ("Ordinary Shares") and
warrants to purchase up to 537,143,470 Ordinary Shares (the
"Warrants") for an aggregate consideration of US$10,000,000, to be settled in the form of
172.9354 bitcoins.
The transaction is subject to customary closing conditions and
the closing is expected to take place in the near future. The
investors have agreed to a contractual lock-up restriction of their
shares to be acquired in the transaction for 180 days after the
closing. The securities issuance is exempt from registration under
the Securities Act of 1933, as amended, (the "Securities Act") in
compliance with Regulation S under the Securities Act.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "aim," "anticipate," "believe," "estimate,"
"expect," "hope," "going forward," "intend, " "ought to, " "plan, "
"project," "potential," "seek," "may," "might," "can," "could,"
"will," "would," "shall," "should," "is likely to" and the negative
form of these words and other similar expressions. Among other
things, statements that are not historical facts, including
statements about the Company's beliefs and expectations are or
contain forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement. All information provided in this
press release is as of the date of this press release and is based
on assumptions that the Company believes to be reasonable as of
this date, and the Company does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
Contact:
Xingyan
Gao
Mercurity Fintech Holding Inc.
ir@mercurity.com
Tel: +86 (10) 5360 6428
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SOURCE Mercurity Fintech Holding Inc.