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NFT ( (MI) ) has provided an announcement.
On April 8, 2026, NFT Limited filed a Form 6-K announcing an extraordinary general meeting of shareholders scheduled for April 17, 2026 in Hong Kong, with April 4, 2026 set as the record date for voting. Shareholders are being asked to approve a far‑reaching restructuring of the company’s share capital, including a reduction in par value, subdivision and cancellation of authorized but unissued shares, and the transfer of freed capital to a distributable reserve that may be used, among other purposes, to offset accumulated losses.
The proposals also include a massive increase in authorized share capital to up to 10 billion ordinary shares, authority for the board to implement a share consolidation at a ratio between 1:5 and 1:200 within a year, and successive amendments to the company’s memorandum and articles of association to reflect these changes. Together, the resolutions would give the board significant latitude to reshape NFT Limited’s capital structure, potentially affecting future equity issuance, dilution risks and the company’s ability to address balance sheet pressures, while an adjournment proposal would allow extra time to secure shareholder support if needed.
More about NFT
NFT Limited, a Cayman Islands exempted company listed on the NYSE American under the ticker MI, is a foreign private issuer with its principal executive offices in Hong Kong. The company has a dual-class share structure with Class A and Class B ordinary shares and operates under Cayman Islands corporate law, giving its board broad flexibility over capital structure changes.
Average Trading Volume: 1,438,635
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.69M
Find detailed analytics on MI stock on TipRanks’ Stock Analysis page.