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

NASDAQ-listed company mF International announced a private placement of 50 million shares of Class A common stock and pre-funded warrants at $10 per share to qualified institutional investors to raise $500 million. The proceeds will be used for general corporate purposes and to purchase Bitcoin Cash and establish a related digital asset treasury.

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