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MEI Pharma Completes $100 Million Private Placement, to be Used for Litecoin Strategic Reserves

Summary: MEI Pharma announced the completion of a $100 million private placement, selling 29,239,767 shares of common stock or equivalent pre-funded warrants at a price of $3.42 per share, with the funds to be used for establishing Litecoin strategic reserves. The company also appointed Litecoin founder and lead investor in this private placement, Charlie Lee, to ...

MEI Pharma announced the completion of a $100 million private placement, selling 29,239,767 shares of common stock or equivalent pre-funded warrants at a price of $3.42 per share, with the funds to be used for establishing Litecoin strategic reserves. The company also appointed Litecoin founder and lead investor in this private placement, Charlie Lee, to join the board of directors, and designated GSR as its digital asset and fund management advisor to oversee the execution of the Litecoin reserve strategy. (businesswire)

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