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mF International to Raise $500 Million through Private Placement to Establish Bitcoin Cash Treasury

Summary: NASDAQ-listed company mF International announced plans to privately place 50 million shares of Class A common stock at $10 per share to qualified institutional investors, raising $500 million. The funds will be used for general corporate purposes and to purchase Bitcoin Cash to establish a digital asset treasury. The financing transaction is expected to be ...

NASDAQ-listed company mF International announced plans to privately place 50 million shares of Class A common stock at $10 per share to qualified institutional investors, raising $500 million. The funds will be used for general corporate purposes and to purchase Bitcoin Cash to establish a digital asset treasury. The financing transaction is expected to be completed on December 1st.

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