Chaince Digital Holdings Inc. (Nasdaq: CD) Announces Approximately $16.2 Million Registered Direct Offering to Advance Its Digital Asset and Capital Markets Strategy

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Chaince Digital Holdings Inc. (Nasdaq: CD) (“Chaince Digital” or the “Company”) (formerly Mercurity Fintech Holding Inc.), a digital finance and technology company focused on tokenization, on-chain innovation, and regulated brokerage services, today announced that it has entered into securities purchase agreements with certain investors for the purchase and sale of 30,560,000 ordinary shares in a registered direct offering, for aggregate gross proceeds of approximately $16.2 million (including purchases made in USDC), before deducting offering expenses. The closing of the offering is expected to occur on or about August 11, 2026, subject to the satisfaction of customary closing conditions. Additional terms of the offering will be set forth in the prospectus supplement to be filed with the U.S. Securities and Exchange Commission (the “SEC”).

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, which may include supporting the Company’s institutional growth strategy. The financing is intended to strengthen Chaince Digital’s capital position across its three core business pillars: expanding institutional-grade digital asset management and on-chain treasury operations; advancing real-world asset tokenization infrastructure and partnerships to bring regulated financial products on-chain; and scaling the underwriting, advisory, and brokerage franchise of Chaince Securities, LLC, the Company’s FINRA-registered broker-dealer subsidiary.