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Why Is MEI Pharma Stock Soaring On Friday? - MEI Pharma (NASDAQ:MEIP)

Summary by Benzinga
MEI Pharma, Inc. (NASDAQ:MEIP) stock is trading higher on Friday, with a session volume of 35.64 million compared to the average volume of 29.8K, as per data from Benzinga Pro. The company on Friday entered into a private investment in public equity (PIPE) for the purchase and sale of 29.2 million shares $3.42 per share, for expected aggregate gross proceeds of approximately $100 million. In connection with the closing of the transaction, MEI wi…

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Key points of the news MEI Pharma has revealed a treasury plan in Litecoin for $100 million in collaboration with Titan Partners Group and the crypto firm GSR. Charlie Lee, creator of Litecoin, will join the MEI Board, reinforcing the credibility and long-term vision of the project. The Litecoin Foundation has also invested, driving institutional adoption while the daily volume of trade increases almost 96% to $1.88 billion. MEI Pharma confirmed…

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http://coinprofitnews.com broke the news in on Friday, July 18, 2025.
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