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NFT ( (MI) ) just unveiled an update.
On May 6, 2025, NFT Limited entered into a securities purchase agreement with non-affiliated investors to issue unsecured promissory notes totaling $20 million, convertible into Class A ordinary shares. The notes carry a 5% annual interest rate and are due 36 months after the purchase date, with provisions for prepayment and redemption. This agreement aims to bolster NFT Limited’s financial position and maintain its Nasdaq listing, potentially impacting its market standing and investor relations.
More about NFT
NFT Limited is a company based in Hong Kong, operating as a Cayman Islands exempted company. It focuses on the issuance of securities and related financial services, with a market focus on convertible promissory notes and ordinary shares.
Average Trading Volume: 25,895
Technical Sentiment Signal: Sell
Current Market Cap: $1.65M
Find detailed analytics on MI stock on TipRanks’ Stock Analysis page.