Future FinTech amends $1.1M convertible note; adds $0.2272 floor price, cash redemption option

Future FinTech Group Inc.

Added floor price of $0.2272 per share for redemption conversion; below floor triggers cash payment within 3 trading days.
Deleted lender's right to adjust 9.99% ownership limitation; now unconditional and non-waivable.
Amendment dated Feb 11, 2024 to the $1,100,000 convertible note originally issued Dec 27, 2023 to Streeterville Capital.
All other terms of the note remain unchanged and in full force.

item 1.01 item 9.01

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. amended Amendment with Streeterville Capital, LLC (effective 2024-02-11).

Action: amendment
Agreement: credit facility
Counterparty: Streeterville Capital, LLC
Effective: 2024-02-11

Exact text from the filing

On February 11, 2024, Future FinTech Group, Inc., a Florida corporation (the “Company”) and Streeterville Capital, LLC, a Utah limited liability company (the “Lender”) entered into an Amendment (the “Amendment”) to Convertible Promissory Note (the “Note”)

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Future FinTech Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-014077

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