Publicly Listed MEI Pharma Completes $100 Million Private Placement to Build Litecoin Strategic Reserves
Odaily Planet Daily News: MEI Pharma announced the completion of a $100 million private placement, selling 29,239,767 shares of common stock or equivalent prepaid warrants at a price of $3.42 per share. The proceeds will be used to establish a Litecoin strategic reserve.
The company has also appointed Charlie Lee, founder of Litecoin and lead investor in this private placement, to its board of directors, and designated GSR as its digital asset and fund management advisor, responsible for overseeing the execution of the Litecoin reserve strategy. (businesswire)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
All three major U.S. stock indexes closed higher, reaching new record highs.
The US Dollar Index rose by 0.49%, closing at 97.349.
The Dow Jones Index closed up by 123.92 points, with both the S&P 500 and Nasdaq also rising.
Trending news
MoreCrypto prices
More
