---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-107914"
form_type: "8-K"
ticker: "FTFT"
cik: "0001066923"
company_name: "Future FinTech Group Inc."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:35:09.563027+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Future FinTech sells FTFT SuperComputing to DDMM Capital for ~$1.97M to satisfy judgment

## Summary
- Sale of wholly owned subsidiary FTFT SuperComputing for $1M cash plus assumption of $973,072 in liabilities; closed Dec 9, 2024.
- Proceeds paid to Olshan Frome Wolosky LLP to satisfy FT Global Capital judgment in Southern District of New York.
- Shareholders elected directors Hu Li, Mingyong Hu, Fuyou Li, Mingjie Zhao, Ying Li at Dec 5 annual meeting.
- Shareholders ratified Fortune CPA as auditor and approved 2024 Omnibus Equity Plan; advisory vote passed on executive comp.

## SEC filing metadata
- accession: 0001213900-24-107914
- form_type: 8-K
- ticker: FTFT
- cik: 0001066923
- company_name: Future FinTech Group Inc.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066923/000121390024107914/0001213900-24-107914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066923/000121390024107914/ea0224270-8k_futurefin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-107914
- JSON: https://secwatch.observer/filing/0001213900-24-107914.json
- Plain text: https://secwatch.observer/filing/0001213900-24-107914.txt

## Key facts
- M&A Transactions
  Future FinTech Group Inc. completed a disposition involving DDMM Capital LLC for $1,000,000 and assumption of obligations of FTFT SuperComputing totaling $973,072.24 (closed 2024-12-09).
  - Action: disposition
  - Counterparty: DDMM Capital LLC
  - Consideration: $1,000,000 and assumption of obligations of FTFT SuperComputing totaling $973,072.24
  - Closing: 2024-12-09
  source text: to the terms of the Agreement, the Company agreed to sell all of the issued and outstanding shares of FTFT SuperComputing to the Buyer for a purchase price that equals to: (i) $1,000,000 and (ii) the assumption of the obligations of FTFT SuperComputing totaling $973,072.24 (collectively, the “Closing Purchase Price”). The Closing Purchase Price shall be paid on
  evidence_url: https://www.sec.gov/Archives/edgar/data/1066923/000121390024107914/0001213900-24-107914-index.htm

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