Welcome to our dedicated page for NFT SEC filings (Ticker: MI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NFT Limited (NYSE American: MI) is a foreign private issuer that reports to the U.S. Securities and Exchange Commission, and this page focuses on its SEC filings. Investors can use these documents to understand how the company describes its online platform for offering and trading digital artwork, as well as its fee-based revenue model built on listing fees, trading commissions, and management fees.
As a foreign private issuer, NFT Limited files an annual report on Form 20-F. The company has announced the filing of its Form 20-F for the year ended December 31, 2024, which includes audited financial statements and detailed narrative disclosures about its operations and risks. Access to this form helps readers analyze the company’s business structure and financial condition in a standardized format.
NFT Limited also furnishes current reports on Form 6-K. Recent Form 6-K submissions have included unaudited condensed consolidated financial statements and notes for interim periods, along with Management’s Discussion and Analysis of Financial Condition and Results of Operations. Other 6-K filings have reported changes in directors and executive officers, such as resignations, new appointments, and related compensation arrangements.
Through this filings page, users can review real-time updates from EDGAR as new 20-F and 6-K documents are posted. In addition, AI-powered tools on the platform can summarize lengthy filings, highlight key sections, and help explain complex disclosures, allowing readers to quickly identify information about governance changes, financial reporting, and other material events disclosed by NFT Limited.
NFT Limited reported a leadership change in early
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NFT Limited, a foreign private issuer listed under symbol MI, reported a change in its board of directors. On October 31, 2025, Mr. Ronggang Zhang resigned from the Board and its committees, effective November 1, 2025, for personal reasons and not due to any disagreement regarding the company’s operations, policies, or practices.
On November 18, 2025, the Board appointed Mr. Shuo (Cooper) Li as an Independent Director to fill the vacancy. He was also named chairman of the nominating and corporate governance committee and a member of both the audit and compensation committees. Under a director offer letter dated November 18, 2025, Mr. Li will receive annual compensation of
Registration scope and purpose: NFT Limited filed a Form F-1 on 23 June 2025 to register up to 9,253,262 Class A ordinary shares for resale by noteholders identified as “Selling Shareholders.” The shares correspond to the full share-count that could be issued upon conversion of $20 million aggregate principal amount (plus accrued interest) of amended and restated convertible notes issued on 6 May 2025 and amended on 3 June 2025 under a Securities Purchase Agreement.
No primary proceeds: The company will not sell shares nor receive cash in this offering; all proceeds, if any, accrue to the selling shareholders. The $20 million was already received when the notes were issued.
Potential dilution: NFT Limited has only 5,065,150 shares outstanding as of the prospectus date. Full conversion would nearly triple the float, creating material dilution for existing holders. Based on the last reported NYSE American price of $2.2471 (20 June 2025), the registered shares represent approximately $20.8 million of market value.
Corporate structure & geography: NFT Limited is a Cayman Islands holding company operating through subsidiaries in New York, Wyoming and Hong Kong; it maintains no subsidiaries or offices in mainland China and has no variable-interest entities (VIEs). One subsidiary, Metaverse Digital Payment Co., Limited, provides digital-payment services in Hong Kong. Management highlights that the legal and operational risks normally associated with PRC businesses can also apply to Hong Kong entities.
Regulatory backdrop: The prospectus devotes extensive disclosure to PRC oversight. China’s 2023 “Trial Measures” require domestic companies to file with the CSRC before overseas offerings; although NFT Limited is incorporated offshore and lacks PRC subsidiaries, PRC regulators could still intervene, potentially affecting share value. The filing also warns U.S. investors that enforcing U.S. judgments against directors residing in mainland China may be difficult.
Emerging-growth status & financial reporting: The emerging growth company box is unchecked; the company therefore does not claim EGC benefits. The auditor is Assentsure PAC (PCAOB ID 6783) headquartered in Singapore.
Key investor implications:
- Large potential dilution if all notes convert.
- No cash proceeds to the company; prior financing already completed.
- Ongoing geopolitical and regulatory uncertainty tied to Hong Kong/PRC relations.
- NYSE American ticker “MI” remains active; additional shares may expand float and liquidity.
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