MFH | Jotup

PharmAlliance Announces Acquisition of Monitor for Hire

Retrieved on:

Thursday, January 11, 2024

Science, Biotechnology, Research, Pharmaceutical, Health, Medical Devices, Health Technology, Clinical Trials, Multimedia, Acquisition, Drug development, MFH, Pharmaceutical industry

With this acquisition, PharmAlliance expands its global reach to serve the development and commercialization needs across the drug, biologic, and device development lifecycle by providing diverse and disruptive end-to-end solutions.

Key Points:

With this acquisition, PharmAlliance expands its global reach to serve the development and commercialization needs across the drug, biologic, and device development lifecycle by providing diverse and disruptive end-to-end solutions.
View the full release here: https://www.businesswire.com/news/home/20240111783978/en/
The Monitorforhire acquisition is the second for PharmAlliance, a portfolio company of Waud Capital .
In September 2023, PharmAlliance acquired BioBridges , which provides clinical development services to emerging and established pharmaceutical, biotechnology, and medical device companies.
“Monitorforhire’s unique approach to providing essential clinical research monitoring resources is a valuable extension of the PharmAlliance portfolio,” said Mark Bouck, Chairman & CEO of PharmAlliance and BioBridges.

Mercurity Fintech Holding Inc. Announces $6 Million Private Placement Financing

Retrieved on:

Monday, December 4, 2023

MFH, Sale, Investment, PIPE, Security (finance)

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 US$1.00 per ordinary share.

Key Points:

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 US$1.00 per ordinary share.
The Company intends to utilize the net proceeds derived from the PIPE for general working capital purposes, enhancing its human capital and business development.
The PIPE financing proceeds were received on December 4, 2023.
Our commitment to delivering value to our public shareholders is the driving force behind our decision-making.

Mercurity Fintech Holding's Subsidiary, Ucon Capital Hong Kong, Earns Distinguished Approval to enter “Cyberport” Community

Retrieved on:

Tuesday, August 15, 2023

Bitcoin, Blockchain, Animoca Brands, Ucon, Idaho, MFH, USDC, Trust, ConsenSys, Fintech, Southern Company Services, Cyberport, HKMA, Growth, Hong Kong Monetary Authority, Cryptocurrency, Ethereum

This approval is a significant acknowledgment of MFH and Ucon's capabilities and expertise, marking a critical milestone in the Company's strategic vision.

Key Points:

This approval is a significant acknowledgment of MFH and Ucon's capabilities and expertise, marking a critical milestone in the Company's strategic vision.
Ucon's acceptance into the Cyberport community will provide MFH with rich resources to fuel its future development.
This expansion will further the Company's global presence and reinforce its positioning as a global leader in the fintech space.
Mercurity Fintech Holding, Inc. CEO Shi Qiu expressed, “We are honored to join this group of influential and carefully selected companies in the Hong Kong Cyberport initiative.

Mercurity Fintech Holding Inc. Announces Co-Founding of “Fresh First, Inc.” a Digital, Same-Day, Fresh Food Delivery Service

Retrieved on:

Thursday, May 25, 2023

Fresh, Partnership, MFH, Quality of life, Vegetable, City, Meat

Fresh First is a 100% digital online food delivery service founded in May 2023 and will service customers in major cities along the east coast of the United States, providing same-day delivery of locally sourced meats, vegetables, fruits, and grocery items.

Key Points:

Fresh First is a 100% digital online food delivery service founded in May 2023 and will service customers in major cities along the east coast of the United States, providing same-day delivery of locally sourced meats, vegetables, fruits, and grocery items.
Fresh First intends to partner with Mercurity Fintech Holding, Inc. to create the Fresh First App to interface with customers as well as to develop the digital payment systems to process customer’s orders.
“I am excited to announce the launching of Fresh First, Inc. as both the CEO of Mercurity Fintech Holding Inc. as well as co-founder and director of Fresh First.
As a fintech company, our mission is to help people save time and money for a better life.”

Mercurity Fintech Holding Subsidiary Purchases Fully Licensed Broker Dealer, Established in 1982

Retrieved on:

Wednesday, May 3, 2023

MFH, Mercure (hotel), Broker-dealer, Sales management, Acquisition, FINRA, Initial public offering, Asset purchase agreement, Growth, Financial services, Associate

Delaney & Associates (“JVDA”), an investment advisory firm and fully licensed broker dealer established in 1982.

Key Points:

Delaney & Associates (“JVDA”), an investment advisory firm and fully licensed broker dealer established in 1982.
The deal is subject to FINRA approval in accordance with Rule 1017 and is contingent on obtaining regulatory and customary approvals.
The acquisition marks the first significant investment by Chaince Securities since its integration into MFH earlier this year.
Delaney & Associates will enhance Chaince Securities' digital and traditional financial brokerage services and bolster its plans for sustained growth through expansion.

Mercurity Fintech Holding Inc. Reports Full Fiscal Year 2022 Financial Results with Expanded Revenue Streams and Gross Profits

Retrieved on:

Tuesday, April 25, 2023

GAAP gross profit – MFH’s gross profit increased from $32,508 for the year ended December 31, 2021, to $517,162 for the year ended December 31, 2022.

Key Points:

GAAP gross profit – MFH’s gross profit increased from $32,508 for the year ended December 31, 2021, to $517,162 for the year ended December 31, 2022.
On July 15, 2022, MFH incorporated Mercurity Fintech Technology Holding Inc. in the U.S., which plans to develop distributed computing and storage services and digital consultation services.
On July 15, 2022, MFH incorporated Mercurity Fintech Technology Holding Inc.(“MFH Tech”) to develop distributed computing and storage services (including cryptocurrency mining) and digital consultation services.
On December 20, 2022, the assets began to be used for Filecoin mining operations and derived USD$348 related revenue in 2022.

Mercurity Fintech Holding Inc. Issues an Unsecured Convertible Promissory Note in the Amount of $9 Million

Retrieved on:

Monday, February 6, 2023

SPA, MFH, Asset purchase agreement, New York State Department of Financial Services, ADR, Sale, Consultant, Financial services, Revenue, Conversion, Cryptocurrency, Security (finance), Note

Pursuant to the SPA dated January 31, 2023, the Company issued the Purchaser an Unsecured Convertible Promissory Note (the “Note”) with a face value of $9 million (the “Proceeds”) upon receiving the Proceeds from the Purchaser on February 2, 2023.

Key Points:

Pursuant to the SPA dated January 31, 2023, the Company issued the Purchaser an Unsecured Convertible Promissory Note (the “Note”) with a face value of $9 million (the “Proceeds”) upon receiving the Proceeds from the Purchaser on February 2, 2023.
However, the Company cannot provide any assurance on successfully obtaining the “BitLicense” for the foreseeable future or at all.
The Note shall bear non-compounding interest at a rate per annum equal to 5% from the date of issuance until repayment of the Note unless the Purchaser elects to convert the Note into ordinary shares.
In addition, upon conversion of the Note, the Purchaser shall receive 100% warrant coverage equal to the number of Conversion Shares with the exercise price at the Conversion Share Price.

Mercurity Fintech Holding Inc. Announces Updates to Holders of ADRs Regarding Termination of ADR Facility

Retrieved on:

Friday, January 27, 2023

Depositary, ADR Institute of Alberta, MFH, Effective date, ADR, Deposit, Termination, FOR, Citibank, Security (finance)

Today, the Board approved to reverse the decision on the ADR Ratio Change because such change will not be necessary for the Company’s efforts on the termination of the ADR facility and Share Consolidation.

Key Points:

Today, the Board approved to reverse the decision on the ADR Ratio Change because such change will not be necessary for the Company’s efforts on the termination of the ADR facility and Share Consolidation.
In addition, today, Citibank, N.A., the depositary (the “Depositary”) of the Company’s American Depositary Receipts (the “ADRs”), distributed to all holders and beneficial owners of the Company’s ADRs a notification (the “Termination Notice”) regarding termination of the Deposit Agreement, dated April 13, 2015, as amended, by and among the Company, the Depositary, and all holders and beneficial owners of the ADRs (the “Deposit Agreement”).
The effective date of the termination of the Deposit Agreement will be February 28, 2023 (the “Effective Date”).
Below is a copy of the Termination Notice to the ADR holders:
FOR MERCURITY FINTECH HOLDING INC.
TO ALL HOLDERS AND BENEFICIAL OWNERS OF MERCURITY FINTECH HOLDING INC. AMERICAN DEPOSITARY SHARES (“ADSs”).

Mercurity Fintech Holding Inc. Board Approves Proposals, Including Share Consolidation and ADR Ratio Change

Retrieved on:

Wednesday, January 4, 2023

Transfer, American depositary receipt, Bangladesh Securities and Exchange Commission, Citibank, ADR Institute of Alberta, MFH, Deposit, OTC Bulletin Board, ADR, Documentation, Bank

The Board approved the proposal on the share consolidation to the authorized share capital (the “Share Consolidation”) at a ratio of four hundred (400)-for-one (1) with the par value of each ordinary share changed to US$0.004 per ordinary share.

Key Points:

The Board approved the proposal on the share consolidation to the authorized share capital (the “Share Consolidation”) at a ratio of four hundred (400)-for-one (1) with the par value of each ordinary share changed to US$0.004 per ordinary share.
Following the Share Consolidation, the authorized share capital of the Company will be US$250,000 divided into 62,500,000 ordinary shares with a par value of US$0.004 each (the "Ordinary Share").
Further, as approved by the Board, the Company will effect a simultaneous change of the American Depositary Receipts (“ADRs”) to ordinary share ratio from 1-to-360 to 1-to-1 (the “ADR Ratio Change”).
“The Share Consolidation, the ADR Ratio Change and termination of the ADR program are all positive from our company’s perspective,” said Shi Qiu, the Company’s Chief Executive Officer.

Mercurity Fintech Holding Inc. Announced Third Private Investment in Public Equity Financing of $5 Million

Retrieved on:

Tuesday, December 27, 2022

New York State Department of Financial Services, SPA, Security (finance), Growth, MFH, Wall Street, Financial services, PIPE, Outline, Licensure, Sale, Web3

The closing of this third PIPE financing together with the consummation of the first and second PIPE financing would yield total gross proceeds of $13.15 million invested in the Company’s shares and warrants by third parties in the second half of 2022.

Key Points:

The closing of this third PIPE financing together with the consummation of the first and second PIPE financing would yield total gross proceeds of $13.15 million invested in the Company’s shares and warrants by third parties in the second half of 2022.
Pursuant to the SPA, the Company shall issue an aggregate of 4,545,454,546 units at a purchase price of $0.00110 per unit for total gross proceeds of approximately $5,000,000.
“It took hundreds of years to build Wall Street, but with crypto everything is accelerated.
“We are proud to announce this most recent PIPE financing together with the consummation of the first two rounds of PIPE financing totaling $13.15 million in the second half of 2022.