secwatch.observer — SEC 8-K summary
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Issuer:     Future FinTech Group Inc. (FTFT)
CIK:        0001066923
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001213900-24-014077
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066923/000121390024014077/0001213900-24-014077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066923/000121390024014077/ea193640-8k_futurefin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-014077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer