Future FinTech Group approves 1-for-10 reverse stock split to meet Nasdaq minimum bid price

Future FinTech Group Inc.

Reverse stock split effective April 1, 2025; pre-split shares outstanding 30,082,890 become approx 3,009,289.
No fractional shares issued; rounding up; no cash in lieu.
Split aims to comply with Nasdaq Marketplace Rule 5550(a)(2) for minimum bid price.
Stock to trade on post-split basis under symbol FTFT starting April 4, 2025; new CUSIP 36117V3033.
Amendment authorized by Board without shareholder approval under Florida law.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Future FinTech Group Inc.: Approved a 1-for-10 reverse stock split by amending Articles of Incorporation to reduce authorized common shares from 60,000,000 to 6,000,000 (effective 2025-04-01).

Change: charter amendment
Effective: 2025-04-01

Exact text from the filing

On March 27, 2025, Future FinTech Group Inc. (the "Company") filed with the Florida Secretary of State's office Articles of Amendment (the “Amendment”) to amend its Second Amended and Restated Articles of Incorporation, as amended (“Articles of Incorporation”). As a result of the Amendment, the Company has authorized and approved a 1-for-10 reverse stock split of the Company’s authorized shares of common stock from 60,000,000 shares to 6,000,000 shares, accompanied by a corresponding decrease in the Company’s issued and outstanding shares of common stock (the "Reverse Stock Split").

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Future FinTech Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-027130

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