IPO - NFT Ltd

Form Type: F-3/A

Filing Date: 2025-06-30

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025059147

Filing Summary: NFT Limited filed Amendment No. 2 to Form F-3, a registration statement under the Securities Act of 1933, to offer and sell up to $500,000,000 in a combination of Class A ordinary shares, debt securities, warrants, rights, and units. The company is incorporated in the Cayman Islands and conducts its operations through subsidiaries located in the United States and Hong Kong. As of this filing, there are no current operations in mainland China, and potential regulatory risks are highlighted due to governance by the China Securities Regulatory Commission related to overseas securities offerings. The document emphasizes the speculative nature of investing in its securities and includes a summary of risks related to operations in Hong Kong and potential impacts from PRC regulatory changes. NFT Limited's Class A ordinary shares are listed under the symbol 'MI' on the NYSE American, with a preceding share price of $2.28 as of June 26, 2025.

Form Type: F-3

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025013539

Filing Summary: NFT Limited filed a registration statement for a proposed initial public offering (IPO) of up to $500,000,000 of Class A Ordinary Shares, Debt Securities, Warrants, Rights, and Units. The company aims to offer these securities from time to time after the effective date of the registration statement, utilizing a shelf registration process. The document states that the last reported sale price of the Class A Ordinary Shares on February 12, 2025, was $2.611 per share. The prospectus includes details on the plan of distribution and emphasizes that the securities offered may involve a high degree of risk. NFT Limited is incorporated in the Cayman Islands and operates through subsidiaries that provide NFT trading and related services. The filing also indicates a previous share purchase agreement and a merger with Takung Art Co., Ltd. as part of a corporate restructuring. This registration statement is vital for enabling the company to raise capital through various securities as part of its ongoing business operations.