03:22 PM EDT, 07/21/2025 (MT Newswires) -- Mercurity Fintech ( MFH ) stock was down more than 64% in recent Monday trading after the company said it has priced a registered direct offering of about 12.5 million shares and the same number of warrants.

The shares are priced at $3.50 each, and the warrants will have an exercise price of $3.50 per share and a term of five years, the company said.

The offering will likely close on Tuesday, Mercurity Fintech ( MFH ) said, adding that the offering proceeds would fund the company's crypto treasury strategy, among others.

Price: 1.85, Change: -3.32, Percent Change: -64.24