Future FinTech Group, Inc. is a blockchain e-commerce and financial technology company. The company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects, and a digital payment system "DCON". It is also engaged in development of blockchain based e-Commerce technology as well as financial technology. The company was founded on June 29, 1998 and is headquartered in Beijing, China.
Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 3,000,000 share of its Common Stock at a purchase price of $5.00 per share on January 13, 2021. The gross proceeds of this offering are $15,000,000. The Company issued a total of 3,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes.
In the end, risk management is about consequences. - Peter Bernstein Figure 1. FTFT 1-year share price Future FinTech Group Inc. Common Stock (FTFT) is making headlines as its share price surged following multiple company announcements relating to system upgrade, copyright approval, and direct offering of common stock. Year-to-date return...
Michael A. Gayed, CFA on Seeking Alpha | January 13, 2021
Future FinTech (FTFT) inks agreement for the purchase and sale of 3M common shares at $5.00/share for gross proceeds of ~$15M in a registered direct offering priced at-the-market. Net proceeds will be used for growth capital and general working capital purposes.Closing date is January 13.Yesterday's close was $5.47. Shares up 12% after-hours....
Shares of Future FinTech Group (NASDAQ: FTFT) were soaring on Tuesday after the company announced it's raising money by selling stock. According to the press release, Future FinTech is selling 3 million shares to institutional investors for $5 per share. This is the second capital raise that Future FinTech has done is recent weeks.
Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 3 million shares of its common stock at a price of $5.00 per share for gross proceeds of approximately $15 million in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about January 13, 2021, subject to the satisfaction of customary closing conditions.