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

Foresight News reported that Nasdaq-listed company mF International has announced a private placement of 50 million Class A common shares and prepaid warrants to qualified institutional investors at $10 per share, raising $500 million. The funds raised will be used for general corporate operations and to purchase Bitcoin Cash and establish a related digital asset treasury. This financing transaction is expected to be completed on December 1.