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Future FinTech Group, Inc. (FTFT) reported significant restructuring and liquidity events in this 10-Q. The company completed a 1-for-10 reverse stock split effective April 1, 2025, reducing authorized common shares to 6,000,000 and reporting 3,110,770 shares outstanding as of June 30, 2025.

The period included multiple disposals (including FTFT SuperComputing and other subsidiaries), recognized gains on disposals (including a reported $28.24 million gain and a $3.07 million gain on debt restructuring), and material legal developments: a NY judgment in favor of FT Global (approximately $10.6 million awarded) with related settlement actions and a forbearance agreement requiring $4.0 million paid over 18 months. The NY Court ordered turnover of unissued shares and the transfer agent issued 1,951,443 shares to the U.S. Marshal. The company reported negative operating cash flows (~$27.73 million) and stated these factors raise substantial doubt about its ability to continue as a going concern.

Future FinTech Group Inc. (FTFT) has called a 2 Sep 2025 special meeting to request sweeping share-related approvals that would radically alter its capital structure.

Proposal 1 increases authorized common shares 100-fold to 600 million from 6 million, a prerequisite for three financing deals. Proposal 2 allows conversion of the remaining 鈮�$450k balance on an 8% Streeterville convertible note at 82% of the 10-day VWAP, potentially issuing >20 % of current shares and triggering Nasdaq change-of-control thresholds. Proposal 3 approves a Regulation S sale of up to 15 million shares at $2.00 (gross 鈮�$30 m); lead investor Wealth Index Capital would own ~48.8 % post-issuance, shifting control. Proposal 4 authorizes up to $10 m in variable-price pre-paid instruments with Avondale Capital, also issued at an 18 % discount to VWAP and capped at 9.99 % ownership per tranche. Proposal 5 permits adjournment to solicit more proxies.

FTFT has only 3.45 m shares outstanding; full approval could dilute existing holders by >95 % and pressure the share price, but would inject up to ~$40 m in cash, repay debt and fund growth. The board unanimously recommends voting FOR all proposals; a simple majority of votes cast is required for each item.