Mercurity Fintech Signs Securities Purchase Agreement
Ticker: CD · Form: 6-K · Filed: Dec 26, 2024 · CIK: 1527762
| Field | Detail |
|---|---|
| Company | Mercurity Fintech Holding Inc. (CD) |
| Form Type | 6-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.004, $10,010,700, $6.81 |
| Sentiment | neutral |
Sentiment: neutral
Topics: securities-purchase-agreement, equity-sale, foreign-investor
TL;DR
Mercurity Fintech inked a deal with a foreign investor on Dec 19th for equity. Details to follow.
AI Summary
On December 19, 2024, Mercurity Fintech Holding Inc. entered into a Securities Purchase Agreement with a non-U.S. investor. This filing is a Form 6-K, reporting on this material definitive agreement and an unregistered sale of equity securities.
Why It Matters
This agreement signifies a new investment or financing for Mercurity Fintech, potentially impacting its financial position and future operations.
Risk Assessment
Risk Level: medium — The filing indicates an unregistered sale of equity securities, which can carry higher risks due to less public disclosure and potential liquidity issues.
Key Players & Entities
- Mercurity Fintech Holding Inc. (company) — Registrant
- December 19, 2024 (date) — Date of Securities Purchase Agreement
- Securities Purchase Agreement (agreement) — Material Definitive Agreement
FAQ
What is the nature of the unregistered sale of equity securities?
The filing states that Mercurity Fintech Holding Inc. entered into a Securities Purchase Agreement with a non-U.S. investor on December 19, 2024, which constitutes an unregistered sale of equity securities.
Who is the non-U.S. investor involved in the agreement?
The filing refers to the counterparty as 'a non-U.S. investor' (the 'Purchaser') but does not disclose their specific name.
What are the key terms of the Securities Purchase Agreement?
The filing does not provide specific details on the terms of the Securities Purchase Agreement, only that it was entered into on December 19, 2024.
What is the purpose of this Form 6-K filing?
This Form 6-K is filed to report a material definitive agreement and an unregistered sale of equity securities by Mercurity Fintech Holding Inc.
Has Mercurity Fintech Holding Inc. previously changed its name?
Yes, the company was formerly known as JMU Ltd until December 30, 2016, and prior to that, as Wowo Ltd until August 10, 2011.
Filing Stats: 339 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2024-12-26 16:10:33
Key Financial Figures
- $0.004 — dinary shares of the Company, par value $0.004 per share (the “ New Shares &rdqu
- $10,010,700 — dquo;), for a total purchase price of US$10,010,700 at $6.81 per share (the “ Offerin
- $6.81 — otal purchase price of US$10,010,700 at $6.81 per share (the “ Offering ”
Filing Documents
- form6-k.htm (6-K) — 18KB
- ex10-1.htm (EX-10.1) — 174KB
- ex99-1.htm (EX-99.1) — 13KB
- 0001493152-24-052100.txt ( ) — 206KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Mercurity Fintech Holding Inc. By: /s/ Shi Qiu Name: Shi Qiu Title: Chief Executive Officer Date: December 26, 2024 3