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Future FinTech, Iliad Research enter into securities purchase ggreement.

Global Banking News-April 8, 2019-Future FinTech, Iliad Research enter into securities purchase ggreement

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Future FinTech Group Inc. (NASDAQ: FTFT) has announced it has entered into a Securities Purchase Agreement with Utah limited partnership Iliad Research and Trading, L.P., the company said.

Pursuant to the Purchase Agreement, the Company sold and issued to the Purchaser a Secured Convertible Promissory Note (the "Note") in the principal amount of USD 1,070,000. The Purchaser purchased the Note with an original issue discount of USD 50,000.

Future FinTech Group Inc. is a financial technology company and integrated producer of fruit-related products. Future FinTech Group Inc. is incorporated in Florida and engages in fruit juice and financial technology businesses. The Company engages in the research and development of digital asset systems based on blockchain technology and also operates an incubator for application projects using blockchain technology.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Apr 8, 2019
Words:160
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