NFT Ltd. Announces Pricing of $2.55 Million Registered Direct Offering
NFT Ltd. (NYSE American: MI) priced a registered direct offering of 1,890,000 units at an effective $1.35 per unit, for expected gross proceeds of approximately $2.55 million. Each unit includes one Class A ordinary share (or a pre-funded warrant) plus a common warrant exercisable at $1.35, expiring in five years with anti-dilution provisions.
Key figures
- Deal Value Usd
- 2550000
- Offering Price
- 1.35
- Shares Offered
- 1890000
- Warrant term
- five years
- Pre funded unit price
- $1.31
- Common warrant exercise price
- $1.35
- Pre funded warrant exercise price
- $0.04
AI analysis
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