mF International to raise $500 million through private placement to establish a Bitcoin Cash treasury

ChainCatcher news, Nasdaq-listed company mF International announced a private placement of 50 million Class A common shares and prepaid warrants to qualified institutional investors at $10 per share, raising $500 millions. The funds raised will be used for general corporate operations, and the company will also purchase Bitcoin Cash and establish a related digital asset treasury.

This financing transaction is expected to be completed on December 1.