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An update from Future FinTech Group ( (FTFT) ) is now available.
Future FinTech Group Inc. is involved in ongoing litigation with FT Global Capital, Inc. regarding a breach of an exclusive placement agent agreement from July 2020. The legal proceedings have resulted in a judgment against Future FinTech, requiring them to pay over $10 million. Despite appeals and efforts to overturn the judgment, the company has been ordered to turn over shares and interests in its subsidiaries, with auctions conducted to satisfy the judgment. The company continues to appeal these decisions, reflecting ongoing legal challenges that could impact its operations and financial stability.
More about Future FinTech Group
Average Trading Volume: 443,831
Technical Sentiment Signal: Strong Sell
Current Market Cap: $5.13M
See more insights into FTFT stock on TipRanks’ Stock Analysis page.