- Future FinTech Group issued a total of 3,000,000 shares of its Common Stock at a purchase price of $5.00 per share in the offering.
- The net proceeds from this offering will be used for growth capital and general working capital purposes.
United States, Jan 15, 2021 /AlexaBlockchain/ – Future FinTech Group Inc., a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it raised $15 million through 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.
Future FinTech Group said that 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.
The company said that 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.