mF International to raise $500 million through private placement to establish a Bitcoin Cash treasury
ChainCatcher news, Nasdaq-listed company mF International announced a private placement of 50 million Class A common shares and prepaid warrants to qualified institutional investors at $10 per share, raising $500 millions. The funds raised will be used for general corporate operations, and the company will also purchase Bitcoin Cash and establish a related digital asset treasury.
This financing transaction is expected to be completed on December 1.
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