GSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee [Yahoo! Finance]
MEI Pharma, Inc. (MEIP)
Last mei pharma, inc. earnings: 2/6 04:02 pm
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Source: Yahoo! Finance
partnership with MEI Pharma, Inc. (NASDAQ:MEIP) (“MEI”), in which it will serve as both strategic advisor and digital asset treasury manager. The $100 million private investment in public equity (PIPE) into MEI represents a significant step toward institutionalizing Litecoin as a treasury asset. GSR will work closely with Litecoin (LTC) creator Charlie Lee, who brings deep technical credibility and a long-term perspective on Litecoin's evolution, with support from the Litecoin Foundation. Lee and a GSR appointee will also join MEI's Board of Directors. This initiative follows MEI's previously announced review of strategic alternatives and reflects its new mission in alignment with both the Litecoin Foundation and GSR's digital asset management platform. “Litecoin has consistently delivered a stable, low-cost, and accessible network for over a decade,” said Charlie Lee, creator of Litecoin. “With leading global transaction volume on platforms like BitPay, Litecoin is trusted by use
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