secwatch.observer — SEC 8-K summary
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Issuer:     Future FinTech Group Inc. (FTFT)
CIK:        0001066923
Form:       8-K
Filed at:   2026-05-26T20:40:21+00:00
Accession:  0001213900-26-061050
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Future FinTech (FTFT) closes $2M Pre-Paid Purchase #3 under $10M Avondale facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066923/000121390026061050/0001213900-26-061050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066923/000121390026061050/ea0291948-8k_future.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-061050

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