{"success":true,"data":{"pressRelease":{"id":"164649","rtpr_id":"nGNE5fyCrY-20261008","ticker":"MI","exchange":"NYSE American","all_tickers":["MI"],"title":"NFT Ltd. Announces Pricing of $1.0 Million Registered Direct Offering","author":"Globe Newswire","published_at":"2026-10-08T15:05:00.211Z","article_body":"Hong Kong, Oct. 08, 2026 (GLOBE NEWSWIRE) -- NFT Ltd. (NYSE American: MI)\n(\"Company\" or \"NFT\", formerly known as Takung Art Co., Ltd.), as an emerging\nonline trading platform operator of international art and collectibles, today\nannounced that it has entered into a securities purchase agreement with\ncertain institutional investors for the purchase and sale of an aggregate of\n1,000,000 units, with each unit consisting of one Class A ordinary share, par\nvalue of US$0.04 per share (\"Ordinary Share\"), or one pre-funded warrant in\nlieu thereof, and one warrant (collectively, the \"Securities\") in a registered\ndirect offering. The effective offering price for each unit is $1.00.\n\nEach Unit consists of one Ordinary Share of the Company (or one pre-funded\nwarrant to purchase one Ordinary Share in lieu thereof, each a \"Pre-Funded\nWarrant\"), and one Common Warrant to purchase one Ordinary Share of the\nCompany (the \"Common Warrants\"). Each Pre-Funded Unit consisting of one\nPre-Funded Warrant in lieu of an Ordinary Share and one Common Warrant,\nreferred to herein as a \"Pre-Funded Unit.\" The public offering price per\nPre-Funded Unit is $0.96, which is equal to the public offering price per Unit\nto be sold in the Offering, less the $0.04 exercise price per Pre-Funded\nWarrant. The aggregate gross proceeds from the Offering are expected to be\napproximately US$1.0 million, prior to deducting placement agent fees, legal\nfees, administrative and other offering-related expenses.\n\nEach Common Warrant will be immediately exercisable upon issuance at an\ninitial exercise price of US$1.00, which is equal to the public offering price\nper Unit. The warrant exercise price is subject to anti-dilution adjustments\nin connection with share splits, share combinations, dividend distributions,\nsubsequent equity sale and other corporate restructurings. The Common Warrants\nwill expire on the fifth anniversary of the issuance date.\n\nThe closing of the Offering is currently expected to take place on October 9,\n2026, subject to the satisfaction of customary closing conditions set forth in\nthe Securities Purchase Agreements dated October 8, 2026 by and between the\nCompany and the purchasers signatory thereto, and related transaction\ndocuments. The Company intends to use the net proceeds from the Offering for\nthe development, operation and expansion of its NFT artwork trading platform\nbusiness and its AI robotics project, working capital and general corporate\npurpose.\n\nMaxim Group LLC is acting as the sole placement agent for the Offering. Hunter\nTaubman Fischer & Li LLC is acting as U.S. securities counsel to the Company,\nand Pryor Cashman LLP is acting as U.S. securities counsel to the placement\nagent, in connection with the Offering.\n\nThe Securities sold in the registered direct offering are being offered\npursuant to a shelf registration statement on Form F-3 (File No. 333-284912),\nwhich was declared effective by the U.S. Securities and Exchange Commission\n(the \"SEC\") on November 28, 2025. The offering of the Securities will be made\nonly by means of a prospectus supplement that forms a part of such\nregistration statement. A prospectus supplement relating to the Securities\noffered in the registered direct offering will be filed by the Company with\nthe SEC. When available, copies of the prospectus supplement relating to the\nregistered direct offering, together with the accompanying prospectus, can be\nobtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park\nAvenue, New York, NY 10022, Attention: Syndicate Department, or via email at\nsyndicate@maximgrp.com or telephone at (212) 895-3500.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of, these securities in any\nstate or jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to the registration or qualification under the securities laws\nof such state or jurisdiction.\n\nAbout NFT Limited\n\nNFT Limited (formerly known as Takung Art Co Ltd.) operates an online\nelectronic platform (www.nftoeo.com) for offering and trading of digital\nartwork. Through its platform, the Company allows artists/art dealers/owners\nto access a much bigger art trading market where they can engage with a wide\nrange of investors. We also provide NFT consulting with respect to the\nstrategic utilization of blockchain technology and NFT launch. Given our goal\nto create multiple potential revenue streams and continue to diverse the\nbusiness model, we are also exploring NFT gaming business including sales of\nin-game characters NFTs and sales of membership packs, and launching AI\ncomputing and humanoid robotics initiatives.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933 and Section 21E of the Securities\nExchange Act of 1934. These forward-looking statements are subject to\nsubstantial risks and uncertainties that may cause actual results, performance\nor achievements to differ materially from those expressed or implied,\nincluding without limitation: the Company's ability to complete the Offering\nin accordance with the expected timeline and terms; satisfaction of closing\nconditions; the planned use and actual deployment of net proceeds; adverse\nchanges in global market conditions and capital market sentiment; risks\nrelating to the Company's business strategy adjustment and asset optimization;\nthe ability to maintain the Company's Nasdaq listing status; changes in\nindustry policies and regulatory rules; future capital financing needs; and\nother risk factors disclosed in the Company's periodic filings and subsequent\nsubmissions with the SEC, including its Annual Report on Form 20-F. All\nforward-looking statements speak only as of the date of this press release,\nand the Company undertakes no obligation to publicly update or revise any\nforward-looking statements except as required by applicable law.\n\nContact:\n\nInvestor Relations\nIR@nft-limited.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE5fyCrY-20261008","title":"NFT Ltd. Announces Pricing of $1.0 Million Registered Direct Offering","author":"Globe Newswire","ticker":"MI","created":"2026-10-08T15:05:00.211Z","tickers":["MI"],"exchange":"NYSE American","article_body":"Hong Kong, Oct. 08, 2026 (GLOBE NEWSWIRE) -- NFT Ltd. (NYSE American: MI)\n(\"Company\" or \"NFT\", formerly known as Takung Art Co., Ltd.), as an emerging\nonline trading platform operator of international art and collectibles, today\nannounced that it has entered into a securities purchase agreement with\ncertain institutional investors for the purchase and sale of an aggregate of\n1,000,000 units, with each unit consisting of one Class A ordinary share, par\nvalue of US$0.04 per share (\"Ordinary Share\"), or one pre-funded warrant in\nlieu thereof, and one warrant (collectively, the \"Securities\") in a registered\ndirect offering. The effective offering price for each unit is $1.00.\n\nEach Unit consists of one Ordinary Share of the Company (or one pre-funded\nwarrant to purchase one Ordinary Share in lieu thereof, each a \"Pre-Funded\nWarrant\"), and one Common Warrant to purchase one Ordinary Share of the\nCompany (the \"Common Warrants\"). Each Pre-Funded Unit consisting of one\nPre-Funded Warrant in lieu of an Ordinary Share and one Common Warrant,\nreferred to herein as a \"Pre-Funded Unit.\" The public offering price per\nPre-Funded Unit is $0.96, which is equal to the public offering price per Unit\nto be sold in the Offering, less the $0.04 exercise price per Pre-Funded\nWarrant. The aggregate gross proceeds from the Offering are expected to be\napproximately US$1.0 million, prior to deducting placement agent fees, legal\nfees, administrative and other offering-related expenses.\n\nEach Common Warrant will be immediately exercisable upon issuance at an\ninitial exercise price of US$1.00, which is equal to the public offering price\nper Unit. The warrant exercise price is subject to anti-dilution adjustments\nin connection with share splits, share combinations, dividend distributions,\nsubsequent equity sale and other corporate restructurings. The Common Warrants\nwill expire on the fifth anniversary of the issuance date.\n\nThe closing of the Offering is currently expected to take place on October 9,\n2026, subject to the satisfaction of customary closing conditions set forth in\nthe Securities Purchase Agreements dated October 8, 2026 by and between the\nCompany and the purchasers signatory thereto, and related transaction\ndocuments. The Company intends to use the net proceeds from the Offering for\nthe development, operation and expansion of its NFT artwork trading platform\nbusiness and its AI robotics project, working capital and general corporate\npurpose.\n\nMaxim Group LLC is acting as the sole placement agent for the Offering. Hunter\nTaubman Fischer & Li LLC is acting as U.S. securities counsel to the Company,\nand Pryor Cashman LLP is acting as U.S. securities counsel to the placement\nagent, in connection with the Offering.\n\nThe Securities sold in the registered direct offering are being offered\npursuant to a shelf registration statement on Form F-3 (File No. 333-284912),\nwhich was declared effective by the U.S. Securities and Exchange Commission\n(the \"SEC\") on November 28, 2025. The offering of the Securities will be made\nonly by means of a prospectus supplement that forms a part of such\nregistration statement. A prospectus supplement relating to the Securities\noffered in the registered direct offering will be filed by the Company with\nthe SEC. When available, copies of the prospectus supplement relating to the\nregistered direct offering, together with the accompanying prospectus, can be\nobtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park\nAvenue, New York, NY 10022, Attention: Syndicate Department, or via email at\nsyndicate@maximgrp.com or telephone at (212) 895-3500.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of, these securities in any\nstate or jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to the registration or qualification under the securities laws\nof such state or jurisdiction.\n\nAbout NFT Limited\n\nNFT Limited (formerly known as Takung Art Co Ltd.) operates an online\nelectronic platform (www.nftoeo.com) for offering and trading of digital\nartwork. Through its platform, the Company allows artists/art dealers/owners\nto access a much bigger art trading market where they can engage with a wide\nrange of investors. We also provide NFT consulting with respect to the\nstrategic utilization of blockchain technology and NFT launch. Given our goal\nto create multiple potential revenue streams and continue to diverse the\nbusiness model, we are also exploring NFT gaming business including sales of\nin-game characters NFTs and sales of membership packs, and launching AI\ncomputing and humanoid robotics initiatives.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933 and Section 21E of the Securities\nExchange Act of 1934. These forward-looking statements are subject to\nsubstantial risks and uncertainties that may cause actual results, performance\nor achievements to differ materially from those expressed or implied,\nincluding without limitation: the Company's ability to complete the Offering\nin accordance with the expected timeline and terms; satisfaction of closing\nconditions; the planned use and actual deployment of net proceeds; adverse\nchanges in global market conditions and capital market sentiment; risks\nrelating to the Company's business strategy adjustment and asset optimization;\nthe ability to maintain the Company's Nasdaq listing status; changes in\nindustry policies and regulatory rules; future capital financing needs; and\nother risk factors disclosed in the Company's periodic filings and subsequent\nsubmissions with the SEC, including its Annual Report on Form 20-F. All\nforward-looking statements speak only as of the date of this press release,\nand the Company undertakes no obligation to publicly update or revise any\nforward-looking statements except as required by applicable law.\n\nContact:\n\nInvestor Relations\nIR@nft-limited.com"},"type":"article","timestamp":"2026-10-08T15:05:00.300836799Z","server_sent_at_ms":1791471900300},"received_at":"2026-10-08T15:05:00.350Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}