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

By Benzinga11 days ago

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

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company's effective shelf registration statement and base prospectus contained therein. The shelf registration statement on Form S-3 (File No. 333-224686) relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the “SEC“) and declared effective on December 11, 2020. A prospectus supplement related to the offering was filed with the SEC on January 13, 2021 and is available at

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