Recent Updates — FTFT
Future FinTech Group Inc. announced a one-for-four (1-for-4) reverse stock split of its common stock to regain compliance with Nasdaq listing standards. The Articles of Amendment were filed with the State of Florida and became effective at 4:00 p.m. Eastern Time on August 28, 2026. Consequently, every four outstanding shares are combined into one, reducing authorized shares from 37,500,000 to 9,375,000 and estimated outstanding shares from approximately 32.3 million to 8.1 million. Fractional shares will be rounded up to the nearest whole share rather than cashed out. The stock began trading on a split-adjusted basis on August 31, 2026, under symbol FTFT. Future FinTech Group Inc. operates in the financial technology sector, providing brokerage, investment banking, supply chain finance, and digital financial services.
Future FinTech Group Inc. entered into Securities Purchase Agreements on July 29, 2026, to issue and sell 30,000,000 shares of common stock at $1.00 per share for aggregate gross proceeds of $30,000,000. Wealth Index Capital Limited purchased 10,000,000 shares, increasing its beneficial ownership from approximately 27.0% to 32.9%. The remaining 20,000,000 shares were sold to other purchasers. No underwriting discounts or commissions were paid. The company received the aggregate purchase price on July 30, 2026, and issued the shares immediately following. Post-issuance, there are 32,080,831 shares outstanding. Purchasers waived registration rights effective August 4, 2026. Future FinTech Group Inc. operates in the financial technology industry, providing digital payment solutions.
On July 6, 2026, Future FinTech Group Inc. dismissed its independent registered public accounting firm, Fortune CPA Inc., which had served the company since August 2023. While there were no disagreements regarding accounting principles or auditing procedures, the company noted a material weakness in internal control over financial reporting for the fiscal years ended December 31, 2024, and December 31, 2025, due to insufficient staff expertise in U.S. GAAP and SEC reporting. The company also noted that previous audit reports included explanatory paragraphs regarding its ability to continue as a going concern. Wei, Wei & Co., LLP was appointed as the new independent registered public accounting firm effective immediately. Future FinTech Group Inc. is a financial technology company.
Future FinTech Group Inc. filed Articles of Amendment to implement a one-for-four (1-for-4) reverse stock split of its common stock. The split becomes effective at 4:00 p.m. ET on July 10, 2026, reducing authorized common stock from 150,000,000 to 37,500,000 shares. Fractional shares will be rounded up to the nearest whole share. The company's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market on July 13, 2026, under the symbol FTFT. Future FinTech Group Inc. is a financial technology company.
On June 12, 2026, Future FinTech Group Inc., through its subsidiary Future Commercial Group Limited, entered into a Share Purchase Agreement to acquire a 20% equity interest in Xi’an Changshida Information Technology Co., Ltd. from Zhang Shuge. The total purchase price is RMB 44,000,000 (approximately US$6.46 million), comprising RMB 40,000,000 in cash and 493,062 shares of the company's common stock valued at RMB 4,000,000. Changshida specializes in AI technologies for healthcare and smart city applications, including machine vision and natural language processing. The company operates in the financial technology sector, providing technology-driven financial services and investments.