NFT Ltd (MI) Form 6-K — Aug 28, 2026
NFT Limited priced and closed a registered public offering on August 24, 2026, issuing 437,957 units — 279,600 common units at $4.60 each and 158,357 pre-funded units at $4.56 each — with each unit including a common warrant to purchase one ordinary share. Gross proceeds were approximately $2.01 million and net proceeds approximately $1.76 million after fees, earmarked for working capital and general corporate purposes. Common warrants carry a $4.60 exercise price and five-year term; pre-funded warrants exercise at $0.04 and are exercisable until exhausted.
Key figures
- Gross Proceeds
- 2010000
- Offering Price
- $4.60 per Common Unit / $4.56 per Pre-Funded Unit
- Shares Offered
- 437957
- Common Units
- 279600
- Net Proceeds
- $1.76 million
- Pre Funded Units
- 158357
- Common Warrant Term
- 5 years
- Placement Agent Fee
- 6% of gross proceeds
- Beneficial Ownership Cap
- 4.99% or 9.99% at holder election
- Officer Director Lockup Days
- 120
- Common Warrant Exercise Price
- $4.60
- Pre Funded Warrant Exercise Price
- $0.04
- Company Issuance Restriction Days
- 30
- Placement Agent Expense Reimbursement
- $50,000
AI analysis
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