Future Fintech G Stock Price, News & Analysis

Future FinTech Group (NASDAQ: FTFT) announced the closing of a registered direct offering of 2,000,000 shares at $5.95 per share, raising $11.9 million in gross proceeds on February 11, 2021. The net proceeds are intended for growth capital and general working capital purposes. The offering was facilitated by A.G.P./Alliance Global Partners as the sole placement agent. A prospectus supplement was filed with the SEC on the same day and is available for review.

Future FinTech Group Inc. (NASDAQ: FTFT) announced a registered direct offering of 2,000,000 shares at $5.95 per share, aiming for gross proceeds of about $11.9 million. The offering's expected closing date is February 11, 2021. Funds will be allocated for growth capital and general working capital purposes. This transaction is under an effective shelf registration statement with the SEC. A.G.P./Alliance Global Partners serves as the placement agent for this offering.

Future FinTech Group Inc. (NASDAQ: FTFT) announced the closure of a registered direct offering, issuing 3,000,000 shares of Common Stock at $5.00 per share, generating gross proceeds of $15,000,000. The net proceeds will fund growth and general working capital. This offering was facilitated by A.G.P./Alliance Global Partners, with all offers made via a prospectus under an effective shelf registration statement. The securities cannot be sold in states where the offer is unlawful prior to necessary registration.

Future FinTech Group Inc. (NASDAQ: FTFT) announced a registered direct offering to institutional investors for 3 million shares at $5.00 per share, aiming to raise approximately $15 million. The closing is expected around January 13, 2021, contingent on customary closing conditions. Funds from this offering will be allocated for growth and general working capital purposes. This offering is made under an effective shelf registration statement filed with the SEC.

Future FinTech Group (NASDAQ: FTFT) announced an upgrade to its mBTC system through its 60%-owned subsidiary, DCON DigiPay, enabling e-commerce platforms to accept Bitcoin as a payment method. The mBTC system, with a 1,000,000:1 exchange rate against Bitcoin, addresses the challenges of using Bitcoin for online purchases by linking it to consumers' real names for recovery of lost funds. This technology also complies with KYC and AML regulations, intending to enhance its use beyond e-commerce into broader payment systems.

Future FinTech Group Inc. (NASDAQ: FTFT) has announced that the China Copyright Protection Center accepted its application for ten software copyrights related to blockchain technology on December 31, 2020. The software aims to enhance an anti-counterfeiting and tracing system for its e-commerce platform, Chain Cloud Mall (CCM). These innovations include various systems for monitoring credit points and ensuring product authenticity. The move is part of Future FinTech's strategy to integrate blockchain technology in e-commerce, potentially driving more traffic and business to CCM.

Future FinTech Group (NASDAQ: FTFT) announced a term sheet with Blocknance Financial International SRL to acquire 60% of Blocknance for $960,000, valuing the company at $1.6 million. Blocknance operates cryptocurrency exchange services in the Dominican Republic, featuring Bitcoin ATMs and physical offices. This acquisition aims to enhance FTFT's blockchain services and expand its market reach, especially for tourists. The deal aligns with FTFT's goal to establish a comprehensive blockchain financial service system and increase customer engagement.

Future FinTech Group Inc. (NASDAQ: FTFT) announced the closing of a registered direct offering on December 29, 2020, comprising 4,210,530 units at $1.90 each, raising gross proceeds of $8,000,007. Each unit consists of one share of common stock and one warrant to purchase an additional share at an exercise price of $2.15 for five years. The net proceeds will support growth capital and general working capital needs. A.G.P./Alliance Global Partners served as the placement agent for this offering.

Future FinTech Group (NASDAQ: FTFT) announced a definitive agreement for the purchase and sale of 4,210,530 shares of its common stock and warrants for a total price of $8,000,007 in a registered direct offering. The stock warrants have an exercise price of $2.15 per share and will expire in five years. The offering is expected to close around December 29, 2020, subject to customary conditions. Proceeds will be used for general corporate purposes. The deal is made under an effective shelf registration statement filed with the SEC.