Mercurity Fintech Holding Inc. announced a private placement to issue 14,251,781 units at an issue price of $0.421 per unit for the gross proceeds of $5,999,999.801 on November 30, 2023. The transaction will include participation from one non US investor. Each unit consists of one common share and three warrants.

The warrants are exercisable to purchase up to a total of 42,755,344 ordinary shares, for a period of three years commencing from November 30, 2023, at an exercise price of $1.00 per ordinary share. The PIPE financing proceeds were received on December 4, 2023. The securities described above were sold in a private placement and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the ?SEC?) or an applicable exemption from such registration requirements.