NFT Ltd (MI) Form 424B5 — Oct 7, 2026
NFT Limited (NYSE American: MI) priced a best-efforts offering of 1,890,000 Units or Pre-Funded Units at $1.35 per Unit, each consisting of one Class A ordinary share (or pre-funded warrant) plus a five-year Common Warrant exercisable at $1.35. Gross proceeds are approximately $2.48 million, with roughly $2.33 million before expenses after a 6% placement agent fee to Maxim Group LLC.
Key figures
- Net Proceeds
- 2332986
- Gross Proceeds
- 2481900
- Offering Price
- 1.35
- Shares Offered
- 1,890,000 Units or Pre-Funded Units (150,000 Units + 1,740,000 Pre-Funded Units)
- Shares Outstanding
- 805086
- Lockup
- 60 days for officers/directors, 30 days company
- Placement agent fee pct
- 6.0%
- Common warrant expiration
- 5 years
- Last sale price oct 6 2026
- 1.23
- Common warrant exercise price
- 1.35
- Pre funded warrant exercise price
- 0.04
- Warrants as pct of shares outstanding
- approximately 235%
- Potential warrant dilution upon reverse split
- up to 575.00% increase in warrant shares
AI analysis
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