NFT Limited Agrees To Sell Aggregate Of 69.9M Units At $0.221/Unit For Total Of ~$15.47M
Portfolio Pulse from Benzinga Newsdesk
NFT Limited has agreed to sell approximately 69.9 million units at a price of $0.221 per unit, raising a total of around $15.47 million.
January 11, 2024 | 7:35 pm
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NFT Limited, which may be associated with the symbol MI, has entered into an agreement to sell 69.9 million units at $0.221 each, totaling approximately $15.47 million in raised capital.
The sale of units is a direct capital raising activity for NFT Limited. This influx of capital is typically viewed positively as it provides the company with more resources for growth, investment, and operations. However, the confidence score is moderate due to the uncertainty surrounding the symbol MI and its direct association with NFT Limited.
CONFIDENCE 50
IMPORTANCE 75
RELEVANCE 100