NFT Limited, operating through its various affiliated entities, manages a digital marketplace designed for artists, art dealers, and investors to transact and showcase artwork in the form of Non-Fungible Tokens (NFTs). This primary focus is within the People's Republic of China. The company's online platform, nftoeo.com, offers comprehensive listing and trading capabilities, enabling artists, dealers, and original owners to access the art market and engage with a diverse range of investors. Additionally, the company itself actively invests in artwork. The platform facilitates the buying and selling of various art forms, including traditional calligraphies and paintings, as well as jewelry and precious stones. Beyond its marketplace operations, NFT Limited also provides specialized consulting services related to NFTs. Its clientele includes traders, original asset owners, and agents involved in offering art pieces. Established in 2009, NFT Limited maintains its headquarters in Sha Tin, Hong Kong.
NFT Ltd. Announces Pricing of $1.0 Million Registered Direct Offering
NFT Ltd. (NYSE American: MI) priced a registered direct offering of 1,000,000 units at $1.00 per unit with institutional investors, for expected gross proceeds of approximately US$1.0 million.
Each unit includes one Class A ordinary share (or a pre-funded warrant priced at $0.96) plus a common warrant exercisable at $1.00 for five years; closing is expected October 9, 2026, with Maxim Group LLC as sole placement agent.
Proceeds are earmarked for the company's NFT trading platform, its AI robotics project, working capital and general corporate purposes — the attached full-coverage warrants add potential future dilution.