A China-based financial company saw some buying pressure on Wednesday after the company announced it has entered into a third private investment in public equity financing to issue ordinary shares and warrants for total gross proceeds to $5 million.
Seeing that %MercurityFintechHolding ($MFH) has a market cap of around $11 million, the $5 million in potential gross proceeds got traders excited about this micro cap. Shares were bought up to $0.779/share (+18.03%) at the time of writing.
Mercurity Fintech Holding Inc provides %DigitalAssetTrading infrastructure solutions based on internet and %Blockchain technologies. The company services include comprehensive solutions in connection with digital asset transactions; platform-based products, such as transaction facilitation system, trading system, account management system, operation management system and mobile applications, and variety of supplemental services, such as customized software development services, maintenance services, and compliance support services. Its target customers are mainly institutional customers, such as digital asset exchanges, trading platforms, foreign exchange companies, brokers, funds, and asset management companies.