debt
confidence high
sentiment neutral
materiality 0.50
Future FinTech (FTFT) closes $2M Pre-Paid Purchase #3 under $10M Avondale facility
Future FinTech Group Inc.
- Issued Pre-Paid Instrument with $2.16M principal for $2M cash (8% OID) on May 20, 2026.
- Terms consistent with prior closings; shares registered under S-1 filed Sept 30, 2025.
- Investor can convert outstanding balance into common stock after six months or effective registration statement.
- Company may prepay at 120% of outstanding balance with 10 days' notice; investor retains purchase rights.
- Default triggers 10% default effect and 18% default interest; weekly sales capped at 15% of trading volume.