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The latest update is out from Future FinTech Group ( (FTFT) ).
Future FinTech Group, Inc. has entered into a Settlement and Forbearance Agreement with FT Global Capital, Inc. to settle four judgments totaling approximately $10.2 million. The United States District Court for the Southern District of New York approved the issuance of Settlement Shares to FT Global and others, exempting them from SEC registration. Additionally, significant leadership changes occurred with the resignation of key executives, including the CFO, Chairman, and Vice President, and the appointment of Ms. Ting (Alina) Ouyang as CFO and Mr. David Xu as Chairman. These changes are part of the company’s ongoing efforts to stabilize its operations and strengthen its leadership team.
More about Future FinTech Group
Average Trading Volume: 101,213
Technical Sentiment Signal: Strong Sell
Current Market Cap: $5.4M
Find detailed analytics on FTFT stock on TipRanks’ Stock Analysis page.