---
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"
generated_at: "2026-06-07T05:44:24.119970+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Future FinTech issues $1.1M convertible note to Streeterville Capital at $1.20/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-100006
- JSON: https://secwatch.observer/filing/0001213900-23-100006.json
- Plain text: https://secwatch.observer/filing/0001213900-23-100006.txt

## Key facts
- Material Agreements
  Future FinTech Group Inc. entered into Securities Purchase Agreement with Streeterville Capital, LLC valued at $1,100,000 (effective 2023-12-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Streeterville Capital, LLC
  - Value: $1,100,000
  - Effective: 2023-12-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1066923/000121390023100006/0001213900-23-100006-index.htm

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