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Future FinTech Group Inc. (NASDAQ:FTFT), a Florida-based company with a market capitalization of $4.9 million, announced on Monday that it has regained compliance with NASDAQ’s minimum bid price requirement. The company received a notification from the NASDAQ Stock Market Listing Qualifications Staff on April 28, 2025, confirming it has met the $1.00 minimum closing bid price condition for continued listing on the NASDAQ Capital Market. According to InvestingPro data, the stock currently trades at $1.60, showing recovery from its 52-week low of $1.15.
The compliance achievement follows a period where the closing bid price of Future FinTech’s common stock remained at $1.00 per share or higher for 15 consecutive business days, from April 4 to April 25, 2025. This milestone allows the company to maintain its listing on the NASDAQ exchange, which is crucial for its visibility and accessibility to investors. InvestingPro analysis indicates the stock has experienced significant volatility, with a YTD return of -48.4% and a concerning revenue decline of 90% in the last twelve months.
Future FinTech, previously known as SkyPeople Fruit Juice, Inc., and with former names including ENTECH ENVIRONMENTAL TECHNOLOGIES INC and CYBER PUBLIC RELATIONS INC, has undergone significant transformations over the years. While the company maintains a healthy current ratio of 1.58, InvestingPro rates its overall financial health as "WEAK" with a score of 1.33 out of 5. The company, now operating under the name Future FinTech, is classified under the Standard Industrial Classification code for Services-Business Services, NEC (7389).
The company’s headquarters are located in the Americas Tower, 1177 Avenue of the Americas, Suite 5100, New York, NY, and it is registered under the IRS Employer Identification No. 98-0222013. The announcement of regaining compliance with the NASDAQ listing requirements marks a positive development for Future FinTech and its stakeholders, though investors should note that the stock appears undervalued based on InvestingPro’s Fair Value analysis.
This news is based on a press release statement and reflects the company’s status as of April 29, 2025.
In other recent news, Future FinTech Group Inc. has announced a 1-for-10 reverse stock split, effective as of April 1, 2025. This move reduces the number of authorized common shares from 60 million to 6 million and decreases the issued and outstanding shares from approximately 30.08 million to about 3.01 million. The reverse stock split aims to comply with the Nasdaq Marketplace Rule 5550(a)(2), related to the minimum bid price requirement. The company’s Board of Directors approved this corporate action without shareholder approval, in line with the Florida Business Corporation Act. Future FinTech’s common stock will continue to trade under the same ticker symbol "FTFT" and will adopt a new CUSIP number, 36117V3033, for the post-split shares. The par value of the common stock remains unchanged at $0.001, and fractional shares resulting from the split will be rounded up, with no fractional shares being issued. The preferred shares remain unaffected, with the authorized number staying at 10 million, none of which are currently issued. This information is based on the latest SEC filing by Future FinTech Group Inc.
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