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NFT Limited - $MI STOCK NEWS

Welcome to our dedicated page for NFT news (Ticker: $MI), a resource for investors and traders seeking the latest updates and insights on NFT stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NFT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NFT's position in the market.

Rhea-AI Summary
NFT (NYSE American: MI) announces a 1 for 50 reverse split of its Class A and Class B ordinary shares, effective around April 12, 2024. The Reverse Split aims to boost the price per share by approximately fifty times, with the Class A ordinary shares trading on a split-adjusted basis. NFT's Articles and Memorandum of Association were amended in connection with the Reverse Split. Shareholders will receive new ordinary shares in exchange for their existing shares, and stock options, restricted shares, and equity incentive plans will be adjusted accordingly.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3313.79%
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Rhea-AI Summary
RLH Equity Partners (RLH) Announces Rob Rodin as New CEO, Replacing Co-Founder Chris Lewis. Rodin, a 15-year RLH team member, brings tech-forward approach and business leadership lessons to the role. He will oversee portfolio activities and firm operations. Rodin expresses honor and excitement for the new role, while Lewis praises his qualifications and values.
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2.67%
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Rhea-AI Summary
NFT Ltd. receives deficiency letter from NYSE American, not in compliance with listing standards due to low share price. Must demonstrate sustained price improvement or effect reverse stock split by March 19, 2024. No immediate effect on trading or delisting. Company actively engaged in discussions to regain compliance.
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NFT Limited

NYSE:MI

MI Rankings

MI Stock Data

24.35M
34.96M
1.94%
0.14%
0.08%
Art Dealers
Retail Trade
Link
United States of America
Room 1105 Wing On Plaza

About MI

based in hong kong, takung art company ltd. provides a secure and easy way for art collectors and investors to acquire shared ownership in asian and other fine art - including paintings, calligraphies, jewelry and precious gems - and participate in the booming international art market without fear of price manipulation and forgery. the ability to trade these valuable assets on takung's proprietary online trading platform has attracted a significant number of fine art investors - including many ordinary people without substantial financial resources. this novel platform significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone. for providing this unique service, takung art company earns multiple streams of revenue, including listing fees, trading commissions, management fees and authorized agent fees. takung's business model is to continually add to its fine art listings by offering collec