Future Fintech Group Announces Reverse Stock Split
Future Fintech Group (Nasdaq: FTFT) approved a 1-for-4 reverse stock split of its common stock.
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Rhea-AI Summary
Future Fintech Group (Nasdaq: FTFT) approved a 1-for-4 reverse stock split of its common stock. The amendment is expected to become effective at 4 p.m. ET on July 10, 2026, with reverse split-adjusted trading on Nasdaq starting July 13, 2026 under new CUSIP 36117V501.
Every four existing shares will convert into one share, reducing outstanding common stock from approximately 7,472,707 to 1,868,177 shares, without changing par value. Shareholder ownership percentages remain unchanged, with fractional shares rounded up to the nearest whole share.
Positive
- Reverse split reduces outstanding shares from about 7,472,707 to 1,868,177
- Shareholder ownership percentages remain unchanged post reverse split
- Fractional shares rounded up so each affected holder receives a whole share
Negative
- 1-for-4 reverse stock split may lower share count and affect liquidity
Details
Market move: FTFT -9.43% in the Jul 9 session. 1-for-4 reverse stock split
On Jul 9, the first trading day after this news, FTFT closed 9.43% below the previous close. Argus tracked a peak move of +11.8% during that session. Argus tracked a trough of -5.9% from its starting point during tracking. Our momentum scanner recorded 5 alerts for this stock that day.
Data tracked by StockTitan Argus for the Jul 9 session.
Key Figures
- Reverse split ratio
- 1-for-4
- Board-approved reverse split of common stock
- Effective time
- 4 P.M. ET July 10, 2026
- Articles of amendment effectiveness in Florida
- Trading start date
- July 13, 2026
- Reverse split-adjusted trading on Nasdaq Capital Market
- Par value
- $0.001 per share
- Par value of common stock unchanged after reverse split
- Pre-split shares outstanding
- 7,472,707 shares
- Approximate common shares issued and outstanding before split
- Post-split shares outstanding
- 1,868,177 shares
- Approximate common shares issued and outstanding after split
- Fractional shares treatment
- Rounded up to whole share
- Holders entitled to a fraction receive one full share
Previous Stock split Reports
-
Board-approved 4-for-1 reverse split to reduce share count and adjust price.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reverse stock split financial
par value financial
cusip financial
street name financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Future FinTech Group Inc. (Nasdaq: FTFT) (“Future FinTech”, “we” or the “Company”) today announced that the Company’s Board of Directors approved a 1-for-4 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock (the “Common Stock”). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split. The Company filed articles of amendment to the Company’s Second Amended and Restated Articles of Incorporation with the Florida Department of State, Division of Corporations which is expected to become effective as of 4 P.M. Eastern Time on July 10, 2026. The Common Stock will begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis at the start of trading on July 13, 2026, under the symbol “FTFT” and under a new CUSIP number, 36117V501.
Upon implementation of the Reverse Stock Split, every four shares of the Company’s issued and outstanding Common Stock will automatically convert into one share of Common Stock without any change to the par value of
No fractional shares of Common Stock will be issued in connection with the Reverse Stock Split. Instead, each holder of record who would otherwise be entitled to receive a fractional share will receive one whole share of Common Stock, rounded up to the nearest whole share. Stockholders holding shares in street name through a bank, broker, or other nominee will have their positions adjusted in accordance with the procedures of such bank, broker, or nominee.
Information to Stockholders
Transhare Corporation, the Company transfer agent, will send instructions to stockholders of record who hold stock certificates regarding the exchange of certificates for Common Stock. Stockholders who hold their shares of Common Stock in book-entry form or in brokerage accounts or “street name” are not required to take any action to effect the exchange of their shares of Common Stock following the Reverse Stock Split. Transhare Corporation may be reached for questions at (303) 662-1112.
About Future FinTech Group Inc.
Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive financial and digital technology service provider. The Company, through its subsidiaries, conducts brokerage and investment banking services in Hong Kong, and engages in supply chain trading and finance businesses in China and efficient digital financial services. For more information, please visit www.ftft.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to qualify for the protection of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “targets,” “will,” “would,” and similar expressions, and the negatives of those terms. Forward-looking statements in this press release include, among others, statements regarding the timing and effectiveness of the Reverse Stock Split and the anticipated market-effective and first-trading dates; the anticipated post-split trading price of the Common Stock and the ability of the Reverse Stock Split to result in a sustained increase in the price of the Common Stock to a level at or above
These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, the risk that the Reverse Stock Split does not result in a sustained increase in the price of the Common Stock, or that the price of the Common Stock subsequently declines below
Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law. You should not place undue reliance on these forward-looking statements.
David J. Rudnick
Precept Investor Relations LLC
ir@ftft.com
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