NFT Ltd Raises $2.8M via 720,779-Unit Offering at $3.85
NFT Ltd priced a $2.8 million registered direct offering of 720,779 units at $3.85 each, with each unit carrying one Class A share and one warrant exercisable at $4.17. The warrants are exercisable for five years, including zero-cash exercise rights subject to ownership limits.
1. Offering Structure
NFT Ltd issued 720,779 units in a registered direct offering priced at $3.85 per unit, each including one Class A ordinary share and one warrant.
2. Proceeds and Closing
The company expects to raise approximately $2.8 million in gross proceeds prior to fees and expenses, with the offering anticipated to close on or about March 11, 2026, subject to customary conditions.
3. Warrant Terms
Each warrant is initially exercisable at $4.17 per share and expires five years after issuance, allowing zero-cash exercise for a calculated number of shares within ten trading days after closing, subject to ownership limits.