NFT Ltd. raises $2.55M in registered direct offering
What's the deal? NFT Ltd.Dealroom has a profile for this one. Try Dealroom → (NYSE American: MI), the Hong Kong-based online trading platform formerly known as Takung ArtDealroom has a profile for this one. Try Dealroom →, has priced a registered direct offering of 1,890,000 units for aggregate gross proceeds of about $2.55 million. Each unit comprises one Class A ordinary share — or a pre-funded warrant in lieu — and one common warrant to buy another share.
The terms: Each common warrant is exercisable immediately at $1.35, equal to the per-unit offering price, and expires after five years. Maxim Group LLCDealroom has a profile for this one. Try Dealroom → is the sole placement agent. The offering is expected to close on October 7, 2026.
What's the endgame? NFT operates an online platform for trading international art and collectibles. It plans to use net proceeds for working capital and general corporate purposes.
Why now? The sale draws on a shelf registration declared effective by the US Securities and Exchange Commission on November 28, 2025 — giving the company a ready vehicle to raise small amounts of equity on short notice.
The signal: A $2.55 million raise priced at $1.35 per unit points to a small-cap company topping up its cash position quickly rather than funding a major expansion. For a recently rebranded microcap, the quick re-raise underscores an ongoing need for working capital over ambition.
Read more: marketscreener.com
Image credit: JAXPORT
