FTFT raises $2.58M via private placement of 2.15M shares at $1.20/share

Future FinTech Group Inc.

Private placement of 2,150,536 shares at $1.20/share for $2,580,644 total proceeds.
Shares issued under Regulation S to non-US persons; restricted and not registered.
Placement subject to 19.9% limit; excess requires shareholder approval per NASDAQ rules.
No brokers fees or commissions payable by the company.
Company's authorized capital as of Jan 5, 2024: 17,834,874 shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Future FinTech Group Inc. entered into Securities Purchase Agreement with certain purchasers identified on the signature page thereto valued at $2,580,644 (effective 2024-01-05).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers identified on the signature page thereto
Value: $2,580,644
Effective: 2024-01-05

Exact text from the filing

On January 5, 2024, Future FinTech Group Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with certain purchasers identified on the signature page thereto (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers in a private placement 2,150,536 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $1.20 per share for an aggregate price of $2,580,644 (the “Private Placement”).

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273 material agreements filed in the last 30 days. Browse all material agreements →

Future FinTech Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-001935

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