---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-026773"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:10:02.187486+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-026773
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000114036125026773/0001140361-25-026773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000114036125026773/ef20052363_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-026773
- JSON: https://secwatch.observer/filing/0001140361-25-026773.json
- Plain text: https://secwatch.observer/filing/0001140361-25-026773.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.