Welcome to our dedicated page for NFT SEC filings (Ticker: MI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NFT Limited (NYSE American: MI) is a foreign private issuer that reports to the U.S. Securities and Exchange Commission, and this page focuses on its SEC filings. Investors can use these documents to understand how the company describes its online platform for offering and trading digital artwork, as well as its fee-based revenue model built on listing fees, trading commissions, and management fees.
As a foreign private issuer, NFT Limited files an annual report on Form 20-F. The company has announced the filing of its Form 20-F for the year ended December 31, 2024, which includes audited financial statements and detailed narrative disclosures about its operations and risks. Access to this form helps readers analyze the company’s business structure and financial condition in a standardized format.
NFT Limited also furnishes current reports on Form 6-K. Recent Form 6-K submissions have included unaudited condensed consolidated financial statements and notes for interim periods, along with Management’s Discussion and Analysis of Financial Condition and Results of Operations. Other 6-K filings have reported changes in directors and executive officers, such as resignations, new appointments, and related compensation arrangements.
Through this filings page, users can review real-time updates from EDGAR as new 20-F and 6-K documents are posted. In addition, AI-powered tools on the platform can summarize lengthy filings, highlight key sections, and help explain complex disclosures, allowing readers to quickly identify information about governance changes, financial reporting, and other material events disclosed by NFT Limited.
NFT Limited reported that shareholders approved a series of significant share capital and governance changes at an extraordinary general meeting held on April 17, 2026. Quorum was achieved, with 11,379,144 Class A ordinary shares represented out of 18,478,875 issued and outstanding.
Investors passed a special resolution for a Share Capital Reduction and Reorganization, along with a related second amended memorandum and articles of association. They also approved a Share Capital Increase, raising authorised capital from US$50,000 (100,000,000 shares in aggregate) to US$5,000,000 (10,000,000,000 shares in aggregate), and adopted a third amended memorandum and articles to reflect this.
Shareholders authorized the board to implement a Share Consolidation at a ratio between 1-for-5 and up to 1-for-200, with corresponding changes to par value and authorised share counts, and approved a fourth amended memorandum and articles tied to the final ratio. An adjournment proposal was also approved, giving flexibility to reconvene the meeting if needed.
NFT Limited has called a 2026 extraordinary general meeting to overhaul its share capital structure and governing documents. Shareholders will vote on a share capital reduction and reorganization, followed by a Share Capital Increase to authorised capital of US$5,000,000 divided into 9,000,000,000 Class A and 1,000,000,000 Class B Ordinary Shares of US$0.0005 par value each.
The meeting will also consider a share consolidation (reverse split) at a ratio between 1:5 and up to 1:200, amendments to the memorandum and articles of association to reflect these changes, and an adjournment authority. As of April 6, 2026, 18,478,875 Class A Ordinary Shares were outstanding, each with one vote, while Class B shares carry twenty votes each. The board unanimously recommends voting in favor of all seven proposals.
NFT Ltd filed an initial ownership report for its CFO, Qian Jianguang, on Form 3. This filing identifies Qian as an officer with the title Chief Financial Officer. The excerpt shows no reportable transactions or derivative positions, serving mainly as a baseline disclosure of insider status.
NFT Ltd director Li Shuo filed an initial statement of beneficial ownership on Form 3. This filing does not report any purchases, sales, option exercises, gifts, or other transactions in the company’s securities, and it shows no derivative positions or other holdings in the summarized data.
NFT Ltd director Douglas Edward Buerger filed an initial insider ownership report on Form 3. This filing establishes his status as a director of the company but does not report any share purchases, sales, option exercises, or other transactions at this time.
Director Lu Guisuo of NFT Ltd has filed an initial insider ownership report on Form 3. This filing identifies Lu Guisuo as a director of the company but does not report any share transactions or derivative positions in this submission.
NFT Ltd director Wang Yanying has filed an initial ownership report as a director of the company. This Form 3 filing lists the reporting person’s status but does not show any share transactions or derivative positions. It serves as the baseline disclosure of insider ownership status.
NFT Limited completed a registered direct offering of 720,779 units, each with one Class A ordinary share and one warrant, at $3.85 per unit, raising gross proceeds of about $2.77 million and net proceeds of about $2.58 million. The company plans to use the cash for working capital and general corporate purposes.
Each warrant has a $4.17 exercise price and a five-year term, with a 4.99% beneficial ownership cap that investors can increase to 9.99% with notice. From March 12–25, 2026, holders may use a zero cash exercise feature, under which up to 3,439,689 ordinary shares could be issued. Management and affiliates agreed to a 120-day lock-up, and the company granted the placement agent a 6% fee, $50,000 expense reimbursement, and a 12‑month right of first refusal on future offerings.
NFT Limited is offering 720,779 Units at $3.85 per Unit. Each Unit consists of one Class A ordinary share and one warrant to purchase one Class A ordinary share. The Warrants have an exercise price of $4.17, expire in five years and include a zero cash exercise mechanism that, if used at the Floor Price, could issue up to 3,439,689 Class A ordinary shares. The company expects net proceeds of approximately $2.58 million and states it is unlikely to receive additional funds upon exercise of the Warrants. The Class A ordinary shares trade on NYSE American under the symbol MI. The offering is being placed by Maxim Group LLC on a reasonable-best-efforts basis and delivery is expected on or about March 11, 2026.
NFT Limited filed an amended Form 6-K to add detailed notes and MD&A to its previously furnished unaudited results for the six months ended June 30, 2025 and 2024.
For the first half of 2025, revenue was $316,966, down from $394,949, reflecting lower NFT transaction volumes. Gross profit fell to $220,942 (about 69.7% margin) from $298,925 (about 75.7% margin). The company moved from a net profit of $6,286,001 in 2024 to a net loss of $810,938, mainly because prior-year results included a $6,661,993 gain on warrant revaluation and $228,394 of interest income, while 2025 recorded $118,907 of interest expense, largely on a new convertible note.
Operating cash flow for the 2025 period was a use of $39,859,762, driven by $39,175,392 of advance payments under twelve technology development and procurement agreements. This was partly offset by $20,000,000 of proceeds from unsecured convertible promissory notes issued in May 2025. As of June 30, 2025, cash, cash equivalents and restricted cash totaled $66,764,409, including $62,406,205 held at Silkroad International Bank in Djibouti, where the company states there is no deposit insurance.