Future FinTech (NASDAQ: FTFT) sets 1-for-4 reverse stock split date
Rhea-AI Filing Summary
Future FinTech Group Inc. has approved a 1-for-4 reverse stock split of its common stock. Authorized common shares are being reduced from 600,000,000 to 150,000,000, and the current 20,193,311 common shares outstanding will become approximately 5,048,328 shares after the split, while par value remains $0.001.
The reverse split, effective at 1:00 p.m. ET on January 8, 2026, was approved by the board under Florida law without a shareholder vote and is primarily intended to help comply with Nasdaq’s minimum bid price rule. Fractional shares will be rounded up with no cash paid, preferred share authorization of 10,000,000 remains unchanged, and the stock will begin trading on a post-split basis on the Nasdaq Stock Market under the symbol “FTFT” on January 20, 2026.
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Insights
Future FinTech is consolidating shares 1-for-4 to support Nasdaq bid price compliance.
Future FinTech Group Inc. has implemented a 1-for-4 reverse stock split, cutting authorized common shares from 600,000,000 to 150,000,000 and reducing 20,193,311 shares outstanding to approximately 5,048,328. This changes the share count but not the company’s underlying business or the total equity value in economic terms at the moment of the split.
The board approved the amendment under section 607.10025 of the Florida Business Corporation Act without a shareholder vote, and the reverse split is described as being primarily to comply with Nasdaq Marketplace Rule 5550(a)(2) on minimum bid price. Fractional shares are being rounded up with no cash in lieu, and preferred share authorization stays at 10,000,000.
Shares are scheduled to begin trading on a post-split basis on the Nasdaq Stock Market under the symbol “FTFT” on
FAQ
What corporate action did Future FinTech Group Inc. (FTFT) take in January 2026?
Future FinTech Group Inc. approved and implemented a 1-for-4 reverse stock split of its common stock, affecting both authorized and outstanding common share counts.
How did the reverse stock split change FTFT’s authorized and outstanding common shares?
The company reduced its authorized common stock from 600,000,000 shares to 150,000,000 shares, and the 20,193,311 shares outstanding will become approximately 5,048,328 shares after the 1-for-4 split.
Why is Future FinTech Group Inc. doing a 1-for-4 reverse stock split?
The reverse stock split is described as being primarily effectuated to comply with Nasdaq Marketplace Rule 5550(a)(2), which relates to the minimum bid price requirement for the company’s common stock.
When does FTFT start trading on a post–reverse split basis?
The company’s common stock is scheduled to begin trading on the Nasdaq Stock Market on a post–reverse split basis under the symbol “FTFT” on January 20, 2026.
How are fractional shares treated in Future FinTech’s reverse stock split?
The company will round up any fractional shares resulting from the reverse stock split. No fractional shares will be issued and no cash or other consideration will be paid for fractions.
Did the reverse stock split affect Future FinTech’s preferred shares?
No. The filing states there are 10,000,000 preferred shares authorized and that no changes are being made to the number of preferred shares as part of this reverse stock split.
Was shareholder approval required for FTFT’s reverse stock split?
No shareholder vote was held. The reverse stock split and related amendment were authorized and approved by the Board of Directors pursuant to section 607.10025 of the Florida Business Corporation Act.