nft ltd amends securities purchase agreement with investors

Published 03/06/2025, 22:48
nft ltd amends securities purchase agreement with investors

NFT Ltd, a finance services company, announced an amendment to its securities purchase agreement with investors. This amendment, effective today, modifies the terms of previously issued unsecured promissory notes totaling $20 million. These notes, initially issued on May 6, 2025, are convertible into Class A ordinary shares of NFT Ltd.

According to the amendment, the notes will now become convertible and redeemable one month after the purchase price date. Additionally, the investors will receive registration rights for the ordinary shares through a registration statement on Form F-1. This change aims to enhance flexibility for both NFT Ltd and its investors.

NFT Ltd, based in Hong Kong, operates under the organization name 09 Crypto Assets. The company filed this information with the Securities and Exchange Commission (SEC) as part of a 6-K report, adhering to the Securities Exchange Act of 1934. The amendment’s details are available in the exhibits attached to the SEC filing.

This report was signed by Kuangtao Wang, the Chief Executive Officer of NFT Ltd. The filing underscores NFT Ltd’s commitment to maintaining transparent communication with its investors and regulatory bodies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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