NFT Ltd (MI) Form 6-K — Oct 13, 2026
NFT Limited priced and closed three separate registered direct offerings on October 6, 8, and 9, 2026, raising approximately $4.55 million in combined gross proceeds. The offerings were led by Maxim Group LLC as exclusive placement agent at a 6% fee, with units priced at $1.35 for the first offering and $1.00 for the second and third, each including 100% warrant coverage. Each unit included common warrants exercisable for five years, plus pre-funded warrants at a $0.04 exercise price, with full-ratchet price resets triggered by any subsequent equity sale below the warrant exercise price.
Key figures
- Offering Price
- $1.35 (Oct 6), $1.00 (Oct 8 and Oct 9)
- Warrant term
- 5 years
- Oct6 net proceeds
- approximately $2.12 million
- Oct8 net proceeds
- approximately $0.85 million
- Oct9 net proceeds
- approximately $0.875 million
- Oct6 gross proceeds
- approximately $2.55 million
- Oct8 gross proceeds
- approximately $1.0 million
- Oct9 gross proceeds
- approximately $1.0 million
- Placement agent fee
- 6% of gross proceeds
- Common unit price oct6
- $1.35
- Common unit price oct8 oct9
- $1.00
- Warrant exercise price prefunded
- $0.04 per share
AI analysis
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