Alta Partners (MI) capped at 9.99% in NFT Ltd, leaving nearly 146K warrant shares idle

Rhea-AI Filing Summary

NFT Ltd (MI) received a Schedule 13G reporting that Alta Partners LLC, a New York limited liability company, beneficially owns 53,060 Class A Ordinary Shares of NFT Ltd. This includes 32,654 shares currently held and 20,406 shares issuable upon exercise of warrants, all subject to a 9.99% beneficial ownership limitation on those warrants. Alta Partners reports 9.99% of the outstanding Class A Ordinary Shares, with sole voting and sole dispositive power over all 53,060 shares. An additional 145,986 warrant shares are excluded because of the 9.99% ownership cap.

Key Figures

Beneficially owned shares: 53,060 Class A Ordinary Shares Shares currently held: 32,654 Class A Ordinary Shares Shares issuable upon exercise of warrants: 20,406 Class A Ordinary Shares +5 more

8 metrics

Beneficially owned shares 53,060 Class A Ordinary Shares Beneficially owned by Alta Partners LLC, including warrant shares within the 9.99% cap

Shares currently held 32,654 Class A Ordinary Shares Class A Ordinary Shares held by Alta Partners LLC

Shares issuable upon exercise of warrants 20,406 Class A Ordinary Shares Warrant shares counted in beneficial ownership after 9.99% limitation

Additional warrant shares excluded 145,986 Class A Ordinary Shares Excluded from beneficial ownership due to 9.99% beneficial ownership limitation

Percent of class 9.99% Percentage of NFT Ltd Class A Ordinary Shares beneficially owned by Alta Partners LLC

Beneficial ownership limitation 9.99% Cap applicable to Alta Partners LLC’s warrants

Sole voting power 53,060 shares Shares over which Alta Partners LLC has sole power to vote

Sole dispositive power 53,060 shares Shares over which Alta Partners LLC has sole power to dispose

Key Terms

beneficially owned, beneficial ownership limitation, Sole Voting Power, dispositive power, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 53,060 Class A Ordinary Shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

beneficial ownership limitation financial

"after giving effect to the 9.99% beneficial ownership limitation"

A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.

Sole Voting Power financial

"5 | Sole Voting Power 53,060.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 53,060.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

warrants financial

"issuable upon exercise of warrants held by the Reporting Person"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

FAQ

What percentage of NFT Ltd (MI) does Alta Partners LLC report owning?

Alta Partners LLC reports beneficial ownership of 9.99% of NFT Ltd’s outstanding Class A Ordinary Shares, based on its holdings and warrant shares counted under the applicable beneficial ownership rules.

How many NFT Ltd (MI) shares does Alta Partners LLC beneficially own?

Alta Partners LLC beneficially owns 53,060 Class A Ordinary Shares of NFT Ltd, consisting of 32,654 shares currently held and 20,406 shares issuable upon exercise of warrants, after applying the 9.99% beneficial ownership limitation on those warrants.

What is the beneficial ownership limitation disclosed for NFT Ltd (MI) warrants?

The filing states a 9.99% beneficial ownership limitation on the warrants held by Alta Partners LLC. Because of this cap, 145,986 additional Class A Ordinary Shares underlying warrants are excluded from Alta’s reported beneficial ownership.

Does Alta Partners LLC have voting and dispositive power over its NFT Ltd (MI) shares?

Yes. Alta Partners LLC reports sole voting power over 53,060 shares and sole dispositive power over 53,060 shares. It reports no shared voting power and no shared dispositive power for NFT Ltd shares.

Who signed the Schedule 13G for Alta Partners LLC regarding NFT Ltd (MI)?

The Schedule 13G was signed by Steven Cohen, identified as Managing Member of Alta Partners LLC, with a signature date of 08/24/2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/24/2026 - 04:01 PM Accepted by SEC EDGAR 08/24/2026 - 04:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

NFT Ltd

(Name of Issuer)

Class A Ordinary Shares, par value US$0.04 per share

(Title of Class of Securities)

G6363T123

(CUSIP Number)

08/21/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G6363T123

1

Names of Reporting Persons

Alta Partners LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 53,060.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 53,060.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

53,060.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NFT Ltd
(b)	Address of issuer's principal executive offices: OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2, NO. 1 KWAN ST., SHA TIN, NEW TERRITORIES, HONG KONG, HONG KONG, 999077.
Item 2.
(a)	Name of person filing: Alta Partners LLC
(b)	Address or principal business office or, if none, residence: 1205 Franklin Avenue, Garden City, New York 11530
(c)	Citizenship: New York Limited Liability Company
(d)	Title of class of securities: Class A Ordinary Shares, par value US$0.04 per share
(e)	CUSIP Number(s): G6363T123
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 53,060 Class A Ordinary Shares, consisting of 32,654 Class A Ordinary Shares held by the Reporting Person and 20,406 Class A Ordinary Shares issuable upon exercise of warrants held by the Reporting Person, after giving effect to the 9.99% beneficial ownership limitation applicable to such warrants. Does not include an aggregate of 145,986 Class A Ordinary Shares issuable upon exercise of warrants that have been excluded due to the 9.99% beneficial ownership limitation applicable to such warrants.
(b)	Percent of class: 9.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 53,060
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 53,060
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alta Partners LLC

Signature:	/s/ Steven Cohen
Name/Title:	Steven Cohen, Managing Member
Date:	08/24/2026