NFT Limited Registered Direct Offering

NFT Limited announced the closing of a registered direct offering on March 11, 2026, raising approximately $2.77 million in gross proceeds. The offering involved the issuance of 720,779 units, each comprising one Class A ordinary share and one warrant to purchase an ordinary share, at a price of $3.85 per unit. After deducting fees and expenses, the net proceeds amounted to approximately $2.58 million, which the company intends to use for working capital and general corporate purposes. The warrants have an exercise price of $4.17 per share, are exercisable for one ordinary share, and expire five years from issuance. The offering included a "zero cash exercise" feature for warrants between March 12 and March 25, 2026, which the company believes makes it unlikely to receive additional cash proceeds from warrant exercises. Officers, directors, and affiliates of the company have agreed to a 120-day lock-up period following the offering. Maxim Group LLC acted as the exclusive placement agent, receiving a 6% fee and reimbursement for expenses. The company also granted Maxim Group LLC a right of first refusal on future offerings.