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 www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities, and these
securities cannot be sold in any state in which this offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such
For further details of this transaction, please see the Current
Report on Form 8-K filed with the SEC on January 12, 2021, as amended which may be viewed
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is a leading blockchain e-commerce company and a service
provider for financial technology incorporated in Florida. The Company's operations include a
blockchain-based online shopping mall platform, Chain Cloud Mall
("CCM"), a cross-border e-commerce platform (NONOGIRL), an
incubator for blockchain based application projects. The Company is
also engaged in the development of blockchain based technology and
services as well as financial technology services. For more
information, please visit http://www.ftftex.com/.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, 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 be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
statements. You can identify these forward-looking statements
through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
"expect," "estimate," "continue," "plan," "point to," "project,"
"could," "intend," "target" and other similar words and expressions
of the future.
All written or oral forward-looking statements attributable to
us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2019 and our
other reports and filings with SEC. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
SOURCE Future FinTech Group Inc.