MEI Pharma announced the completion of a $100 million private sale, selling 29,239,767 shares of common stock or equivalent prepaid warrants at a price of $3.42 per share. The funds raised will be used to establish a Litecoin strategic reserve. The company also appointed Charlie Lee, the founder of Litecoin and the lead investor in this private sale, to join the board of directors, and designated GSR as its digital asset and fund management advisor, responsible for overseeing the execution of the Litecoin reserve strategy. (businesswire)

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