MI$0.3665-4.16%
NFT Ltd
Sector: Finance ServicesIndustry: Specialty RetailCountry: HKExchange: NYSE
Mkt Cap:$31.01M
Float & O/S:
Inst Own:
DilutionScan read 31 of NFT Ltd's SEC filings and found 9 warrant series, 1 convertible, 1 shelf registration, 2 S-1 registrations and 6 completed offerings on file for MI. The latest dilution event on file is an offering on Oct 13, 2026. Analysis updated Oct 14, 2026.
Signal8 Summary
MI
Collapsing micro-cap diluting shares relentlessly
Snapshot
NFT Limited runs a tiny NFT art-trading platform in China whose revenue is both small and shrinking: $726K in FY 2025, down from $741K and $2.2M in prior years.
What's Happening Right Now
- : On September 30, 2026, NFT Limited agreed to sell 80 million Class A shares at $0.45 to non-U.S. buyers for about $36 million, more than 130 times its 611,390 shares outstanding at the time, pending NYSE American approval.
- : H1 2026 revenue fell 64.7% YoY to $112,014 with a $473,690 net loss; the company's $103 million cash balance is mostly a refund after its platform software project failed, held at an uninsured bank in Djibouti.
- : A September 10, 2026 prospectus for a $2.0 million offering disclosed warrants that could nearly fivefold the share count and warned NYSE American may halt or delist the stock over the dilutive structure.
- : An F-1 filed the same week proposed another offering whose warrants could expand shares by up to 746% after the company's prior 1-for-80 reverse split.
- : NFT closed a ~$2.01 million offering on August 24, 2026 with warrants carrying a down-round reset provision that can lower the exercise price if shares are later sold cheaper.
