New York, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the 'Company,” 'we,” 'us,” 'our company,” or 'MFH”) (Nasdaq: MFH), a digital fintech group, is pleased to announce the closing of a private investment in public equity (the 'PIPE”) financing. On December 19, 2024, the Company entered into a securities purchase agreement and priced the PIPE offering, pursuant to which it sold an aggregate of 1,470,000 ordinary shares to one institutional investor at a price of US$6.81 per share. The financing is priced at-the-market under Nasdaq rules, representing 100% of the closing price of the Company's shares on the last trading day prior to the agreement. The offering resulted in total gross proceeds of approximately US$10 million ('Gross Proceeds”), before deducting fees and offering expenses payable by the Company.