Future FinTech Group Inc.Announces Closing of $ 15 Million Registered Direct Placement

NEW YORK, January 14, 2021 / PRNewswire / – Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce company and service provider for financial technology , announced today that it has closed the registered direct offer of 3,000,000 ordinary shares at a purchase price of $ 5.00 per share on January 13, 2021. The gross proceeds of this offer are $ 15,000,000. The Company issued a total of 3,000,000 common shares under the offer. The net proceeds of this offering will be used for growth capital and general working capital purposes.

AGP / Alliance Global Partners acted as sole placement agent for the offering.

All offers have been made only by means of a prospectus, including a prospectus supplement in accordance with the Company’s current prior registration statement and the base prospectus contained therein. The store registration statement on Form S-3 (File No. 333-224686) relating to the Offer was previously filed with the United States Securities and Exchange Commission (the “SEC”) and declared effective on December 11, 2020. A prospectus supplement relating to the offering was filed with the SEC on January 13, 2021 and is available on www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and such securities may not be sold in any state in which such offering, solicitation or sale would be illegal prior to registration or sale. qualification under titles. laws of such a state.

For more details on this transaction, please see the current report on Form 8-K filed with the SEC on January 12, 2021, as amended which can be viewed at www.sec.gov.

About Future FinTech Group Inc.

Future FinTech Group Inc. (“Future FinTech”, “FTFT” or the “Company”) is a leading blockchain e-commerce company and financial technology service provider incorporated in Florida. The Company’s activities include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), a cross-border e-commerce platform (NONOGIRL), an application project incubator based on the blockchain. The Company is also engaged in the development of blockchain-based technologies and services as well as financial technology services. For more information, please visit http://www.ftftex.com/.

Safe Harbor Declaration

Some of the statements made in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or of the Act. Forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, expectations, assumptions, estimates, intentions and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to differ materially from the future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements which may be forward-looking statements. You can identify these forward-looking statements by using words such as “could”, “will”, “anticipate”, “assume”, “should”, “indicate”, “the” “expect”, “estimate”, ” continue ”,“ plan ”,“ indicate ”,“ plan ”,“ could ”,“ intend ”,“ target ”and other similar words and expressions from the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, including, without limitation, the risks and uncertainties described in our annual report on Form 10-K for the year ended. December 31, 2019 and our other reports and documents filed with the SEC. These reports are available on request from the Company or the Securities and Exchange Commission, including on the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof, or after the respective dates on which such statements otherwise are made.

Cision

Show original content:http://www.prnewswire.com/news-releases/future-fintech-group-inc-announces-the-closing-of-15-million-registered-direct-offering-301208607.html

SOURCE Future FinTech Group Inc.


Source link

About Kristine McNally

Avatar

Check Also

Coronavirus Impacts CHSAA State Basketball Championships – The Journal

Officials aim to keep tournament going until its conclusion on Saturday A nearly empty Budweiser …

Leave a Reply

Your email address will not be published. Required fields are marked *