IPO - Mercurity Fintech Holding Inc.

Form Type: F-1/A

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005495

Filing Summary: Mercurity Fintech Holding Inc. filed Amendment No. 9 to its Form F-1 registration statement with the SEC, registering 45,653,309 ordinary shares for resale by selling shareholders. Notably, no shares are being sold by the company itself, and no proceeds will be received by Mercurity Fintech from this sale. The purpose of this offering is to enhance liquidity for the ordinary shares traded on the Nasdaq Capital Market under the symbol 'MFH'. The last reported closing price of the ordinary shares was $7.90. Mercurity is classified as a foreign private issuer and qualifies for reduced reporting requirements. The company, having relocated its headquarters to the U.S. and mostly based its operations there, faces potential regulatory challenges due to its structure and operations in China. Regulatory changes could affect business operations and the value of the securities being registered. The filing includes comprehensive risk factors related to operations in China and possible compliance issues with U.S. regulations, such as the Holding Foreign Companies Accountable Act, which may affect trading of its ordinary shares. Since 2021, the company has made significant operational changes and adjustments due to evolving regulations within China, affecting its business model and shareholder interests.

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