{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-100006","form_type":"8-K","ticker":"FTFT","cik":"0001066923","company_name":"Future FinTech Group Inc.","filed_at":"2023-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.101065+00:00","generated_at":"2026-06-07T05:44:24.119970+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Future FinTech issues $1.1M convertible note to Streeterville Capital at $1.20/share","bullets":["Net proceeds of $1.0M after $80K original issue discount and $20K transaction fees.","Note bears 8% interest, matures 12 months from funding; prepayable at 125% of outstanding.","Conversion price fixed at $1.20; redemption conversion price is lower of $1.20 or 82% of 10-day VWAP.","Investor may redeem up to $200K per month after 6 months, in cash or stock at the redemption price.","Company reserved 5M shares for conversion; covenants restrict most variable-rate financings."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-100006","json":"https://secwatch.observer/filing/0001213900-23-100006.json","markdown":"https://secwatch.observer/filing/0001213900-23-100006.md","text":"https://secwatch.observer/filing/0001213900-23-100006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1066923/000121390023100006/0001213900-23-100006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1066923/000121390023100006/ea190883-8k_futurefin.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:44:24.119970+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d111b782357d14034a006d15b2b8389c335684ec","claim":"Future FinTech Group Inc. entered into Securities Purchase Agreement with Streeterville Capital, LLC valued at $1,100,000 (effective 2023-12-27).","evidence_excerpt":"On December 27, 2023, Future FinTech Group, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Streeterville Capital, LLC, a Utah limited liability company (the “Purchaser”), pursuant to which the Company sold and issued to the Purchaser a Convertible Promissory Note (the “Note”) in the principal amount of $1,100,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1066923/000121390023100006/0001213900-23-100006-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Value","value":"$1,100,000"},{"label":"Effective","value":"2023-12-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}