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mF International Limited (NASDAQ:MFI) shares are trading higher and trending Friday morning. The Hong Kong–based company earlier unveiled plans to raise $500 million through a private investment in public equity to launch a digital-asset treasury strategy. Here’s what investors need to know.
What To Know: The deal, with accredited institutional investors, covers 50 million newly issued Class A ordinary shares and pre-funded warrants priced at $10.00 per share. mF expects the transaction to close around Dec. 1, subject to customary conditions.
The company plans to use most of the proceeds to acquire Bitcoin (CRYPTO: BTC) and build out a dedicated digital-asset treasury operation, with the remainder earmarked for working capital and general corporate purposes.
Because the securities are being sold via private placement, they will initially be unregistered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
mF said further updates on its digital-asset treasury plans will follow as the strategy is implemented.
Benzinga Edge Rankings: According to Benzinga Edge stock rankings, MFI holds a strong Momentum Score of 93.63, reflecting notable recent price strength despite neutral trends across short-, medium- and long-term horizons.
MFI Price Action: mF International shares were higher by 75.41% at $19.40 at the time of publication on Friday, according to Benzinga Pro data.
Read Also: ‘Why Are Stocks Falling?’: Top Analyst Issues Bombshell Warning As Volatility Hits Wall Street
By now you're likely curious about how to participate in the market for mF International – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of mF International, which is trading at $11.06 as of publishing time, $100 would buy you 9.04 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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