MI News & Events

NFT Ltd. entered into a securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 720,779 units, with each unit consists of one Class A ordinary share and one warrant in a registered direct offering. The effective offering price for each unit is $3.85. The warrants will be initially exercisable at a price of $4.17 per share. The warrants may also be exercised, starting on the first trading day after the closing date, and ending at 5:30 p.m. ET on the tenth trading day after the closing date, on a zero cash exercise basis for a number of Class A ordinary shares pursuant to the formula defined in the warrants, subject to a beneficial ownership limitation. The warrants will expire five years from the date of issuance. The gross proceeds to the Company from the registered direct offering are approximately $2.8M before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about March 11, subject to the satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent in connection with the offering.

The company may, from time to time in one or more offerings, offer and sell up to $500M in the aggregate of Class A ordinary shares, debt securities, warrants, units and rights to purchase Class A ordinary shares, or debt securities, rights or any combination of the foregoing, either individually or as units comprised of one or more of the other securities.

Option delistings effective November 18th include BioCardia (BCDA), DBV Technologies (DBVT), ACN 650 026 314 Ltd (DCFCQ), DouYu International (DOYU), iShares Currency Hedged MSCI Germany ETF (HEWG), Intrusion Inc (INTZ), iSun Inc (ISUNQ), Marshall & Ilsley Corporation (MI), Rubicon Technologies Inc (RBTC), Nighthawk Biosciences, Inc. (SCPX), and SG Blocks (SGBX).