|Bid||5.32 x 1000|
|Ask||5.34 x 3100|
|Day's Range||5.15 - 5.60|
|52 Week Range||0.65 - 11.29|
|Beta (5Y Monthly)||2.35|
|PE Ratio (TTM)||2.08|
|Earnings Date||Mar 08, 2021 - Mar 15, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 3,000,000 share of its Common Stock at a purchase price of $5.00 per share on January 13, 2021. The gross proceeds of this offering are $15,000,000. The Company issued a total of 3,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes.
Shares of Future FinTech Group (NASDAQ: FTFT) were soaring on Tuesday after the company announced it's raising money by selling stock. According to the press release, Future FinTech is selling 3 million shares to institutional investors for $5 per share. This is the second capital raise that Future FinTech has done is recent weeks.
Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 3 million shares of its common stock at a price of $5.00 per share for gross proceeds of approximately $15 million in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about January 13, 2021, subject to the satisfaction of customary closing conditions.