litigation
confidence high
sentiment neutral
materiality 0.50
Greenpro Capital settles NFT-related litigation with Millennium Fine Art; pays $100K and surrenders 2M shares
Greenpro Capital Corp.
- Company pays MFAI $100,000 and surrenders 2,000,000 restricted shares of MFAI Class B common stock for cancellation.
- Settlement resolves Nevada state court case (A-21-840033-B) and JAMS arbitration (Ref. 5260000038) over alleged 2021 NFT-related contract.
- Surrendered shares represent the entirety of Greenpro's equity interest in MFAI (approx. 5% of issued shares, 1% voting rights).
- Shares were originally acquired July 1, 2020 as consideration for sale of a 4% interest in the Millennium Sapphire.
- Settlement includes mutual general releases, confidentiality, non-disparagement, and no admission of liability; Board approved June 15, 2026.