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NFT ( (MI) ) has shared an update.
On March 10, 2026, NFT Limited entered into a securities purchase agreement for a registered direct offering that closed on March 11, 2026, issuing 720,779 units at $3.85 each, with each unit comprising one Class A ordinary share and one warrant. The deal generated approximately $2.77 million in gross proceeds and $2.58 million net, which the company plans to use for working capital and general corporate purposes.
The five-year warrants carry an exercise price of $4.17 per share and include a zero-cash exercise window from March 12 to March 25, 2026, potentially adding up to 3,439,689 shares but likely without bringing in further cash. NFT Limited agreed to short-term issuance and variable-rate financing restrictions, 120-day lock-ups by officers and directors, and a 12-month right of first refusal and tail fee arrangement with Maxim Group LLC, underscoring tighter capital-raising terms and potential dilution considerations for existing shareholders.
More about NFT
NFT Limited is a Cayman Islands exempted company listed in the United States, issuing Class A ordinary shares to global investors. The company raises capital through registered offerings of equity units and related warrants, with a focus on maintaining access to U.S. capital markets for working capital and general corporate purposes.
Average Trading Volume: 248,241
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.84M
Find detailed analytics on MI stock on TipRanks’ Stock Analysis page.