InvestmentMay 26, 2026, 04:43 PM
Future FinTech Secures $2M in Pre-Paid Purchase #3 Funding
AI Summary
Future FinTech Group Inc. entered into Pre-Paid Purchase #3 with Avondale Capital, LLC on May 20, 2026, securing $2,000,000 in cash proceeds. This is part of a larger Pre-Paid Securities Purchase Agreement for up to $10,000,000, previously approved by shareholders. The company issued a Pre-Paid Instrument with a principal amount of $2,160,000, reflecting an 8% original issue discount.
Key Highlights
- Secured $2,000,000 in cash proceeds from Pre-Paid Purchase #3.
- Issued a Pre-Paid Instrument with a principal amount of $2,160,000.
- Transaction includes an 8% original issue discount (OID) of $160,000.
- Part of a larger $10,000,000 Pre-Paid Securities Purchase Agreement.
- Previous purchases totaled $1,800,000 in cash proceeds.
- Investor has the option to purchase shares after 6 months or S-1 effectiveness.
- Company can prepay at 120% of the outstanding balance.
- Investor ownership limited to 9.99% of common stock.
Price Impact
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