Mercurity Fintech Enters Securities Purchase Agreement
Ticker: CD · Form: 6-K · Filed: Jan 21, 2025 · CIK: 1527762
| Field | Detail |
|---|---|
| Company | Mercurity Fintech Holding Inc. (CD) |
| Form Type | 6-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.004, $8,041,900, $5.87 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, equity-sale, company-name-change
TL;DR
Mercurity Fintech signed a deal with an investor on Jan 9, 2025. Old names: JMU Ltd, Wowo Ltd.
AI Summary
On January 9, 2025, Mercurity Fintech Holding Inc. entered into a Securities Purchase Agreement with a non-U.S. investor. This filing also notes the company's previous name changes from JMU Ltd in 2016 and Wowo Ltd in 2011. The company is registered under the finance services sector.
Why It Matters
This agreement could signal new funding or strategic partnerships for Mercurity Fintech, impacting its future operations and market position.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and unregistered sale of equity, which can carry inherent risks related to valuation and investor rights.
Key Players & Entities
- Mercurity Fintech Holding Inc. (company) — Registrant
- JMU Ltd (company) — Former company name
- Wowo Ltd (company) — Former company name
- January 9, 2025 (date) — Date of Securities Purchase Agreement
FAQ
What is the nature of the Securities Purchase Agreement entered into on January 9, 2025?
The filing states that Mercurity Fintech Holding Inc. entered into a Securities Purchase Agreement with a non-U.S. investor on January 9, 2025.
Who is the counterparty to the Securities Purchase Agreement?
The counterparty is identified as a non-U.S. investor.
What were Mercurity Fintech Holding Inc.'s previous names?
The company was formerly known as JMU Ltd, with a name change on December 30, 2016, and prior to that, Wowo Ltd, with a name change on August 10, 2011.
What is Mercurity Fintech Holding Inc.'s primary business sector?
The company is classified under the Finance Services sector with SIC code 6199.
What is the filing date and period of report for this 6-K?
The filing was made on January 21, 2025, and the period of report is also January 21, 2025.
Filing Stats: 275 words · 1 min read · ~1 pages · Grade level 11.3 · Accepted 2025-01-21 16:05:07
Key Financial Figures
- $0.004 — dinary shares of the Company, par value $0.004 per share (the “ New Shares &rdqu
- $8,041,900 — dquo;), for a total purchase price of US$8,041,900 at $5.87 per share (the “ Offerin
- $5.87 — total purchase price of US$8,041,900 at $5.87 per share (the “ Offering ”
Filing Documents
- form6-k.htm (6-K) — 16KB
- 0001493152-25-003022.txt ( ) — 17KB
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: January 21, 2025