Hong Kong, March 10, 2026 — NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, previously called Takung Art Co., Ltd.), an emerging operator of an online trading platform for international art and collectibles, today said it has signed a securities purchase agreement with specific institutional investors to buy and sell a total of 720,779 units—each comprising one Class A ordinary share and one warrant (jointly, the “Securities”)—in a registered direct offering. Each unit’s effective offering price is $3.85.
The warrants will initially be exercisable at $4.17 per share. From the first trading day after the closing date through 5:30 p.m. ET on the tenth trading day post-closing, the warrants can also be exercised on a cashless basis for a certain number of Class A ordinary shares, following the formula outlined in the warrants and subject to a beneficial ownership cap. The warrants will expire five years from their issue date.
Before subtracting the placement agent’s fees and other projected offering costs, the Company expects to receive roughly $2.8 million in gross proceeds from the registered direct offering. The offering is slated to close around March 11, 2026, pending fulfillment of standard closing requirements.
Maxim Group LLC is serving as the exclusive placement agent for the offering.
The Securities sold in the registered direct offering are being offered under a Form F-3 shelf registration statement (File No. 333-284912) that the U.S. Securities and Exchange Commission (“SEC”) declared effective on November 18, 2025. The Securities will only be offered via a prospectus supplement that is part of this registration statement. The Company will file a prospectus supplement related to the Securities in the registered direct offering with the SEC. Once available, copies of this prospectus supplement—along with the accompanying prospectus—can be accessed on the SEC’s website at www.sec.gov or obtained from Maxim Group LLC at 300 Park Avenue, New York, NY 10022 (attention: Syndicate Department), via email at syndicate@maximgrp.com, or by phone at (212) 895-3500.
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will any sale of these securities occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal before the securities are registered or qualified under that state or jurisdiction’s securities laws.
About NFT Limited
NFT Limited (previously Takung Art Co Ltd.) runs an online electronic platform (www.nftoeo.com) for digital artwork offerings and trading. Via its platform, the Company enables artists, art dealers, and owners to reach a far larger art trading market and connect with a broad array of investors. It earns revenue from services tied to offering and trading artwork on its platform, mainly through listing fees, trading commissions, and management fees. For more information, visit www.nftoeo.com.
Forward-Looking Statements
Certain statements in this press release may be “forward-looking statements” as defined by the Federal Securities Act, including (but not limited to) our expectations for future financial performance, business strategy, or operations. These statements are forecasts, prospects, and forward-looking statements—not guarantees of performance. NFT cautions that forward-looking statements are subject to numerous assumptions, risks, and uncertainties that evolve over time. Words like “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook”, or similar terms often identify forward-looking statements. These statements are based on information available at the time of this press release and our management’s current expectations, forecasts, and assumptions. They involve judgments, risks, and uncertainties that could lead to actual results or performance differing materially from what is expressed or implied by the forward-looking statements. These risks and uncertainties include (but are not limited to) the risk factors NFT outlines in its SEC filings.
Contact:
Investor Relations
IR@nft-limited.com
