MEI Pharma Raises $100M in PIPE to Launch Litecoin Treasury Strategy; Charlie Lee Appointed to Board

Lite Strategy, Inc.

Gross proceeds of ~$100M from sale of 29.2M shares/pre-funded warrants at $3.42 per share.
100% of net proceeds to be used to acquire Litecoin (LTC), making MEI first public company to hold LTC as treasury asset.
Charlie Lee, Litecoin creator, appointed to Board; Taheer Datoo resigns per Cooperation Agreement.
GSR Strategies LLC appointed as Asset Manager; Green Dragon Investments LLC as advisor under separate agreements.
Also entered into $100M ATM sales agreement with Titan; terminated prior ATM facility with JonesTrading.

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