Chaince Digital Holdings raises $6.14 million in private placement

Chaince Digital Holdings Inc. (NASDAQ: CD) completed a private placement with an institutional investor for gross proceeds of approximately $6.14 million, the company announced.

The fintech and digital asset holding company sold 1 million ordinary shares at $6.14 per share, equal to the closing price on the Nasdaq Stock Market on December 5, 2025. The transaction was conducted under an exemption from registration requirements pursuant to Regulation S under the Securities Act of 1933.

Chaince plans to use the net proceeds for general corporate and working capital purposes. The funding will support initial development and planning of a U.S.-based artificial intelligence and semiconductor-focused precision components manufacturing facility, expansion of AI and high-performance computing infrastructure platforms, and technology research and development.

The proceeds will also support capital markets and corporate development activities through Chaince Securities, LLC, the company's U.S. broker-dealer subsidiary. The financing is part of what the company describes as a multi-hundred-million-dollar strategic manufacturing initiative outlined in a framework agreement.

Chaince Digital Holdings, formerly Mercurity Fintech Holding Inc., operates as a digital finance and technology company focused on tokenization and regulated brokerage services. The company provides technology solutions across distributed computing, business consulting and capital markets services through its subsidiaries.

The securities sold in the private placement have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

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