MI 424B5: Secondary offering

Filed with the SEC on Oct 9, 2026 · accession 0001213900-26-108288

MI filed a 424B5 (prospectus (offering)) with the SEC on Oct 9, 2026. NFT Limited is conducting a best-efforts public offering of 600,000 Units at $1.00 per Unit and 400,000 Pre-Funded Units, each consisting of one Class A Ordinary Share (or Pre-Funded Warrant) and one Common Warrant to purchase one Class A Ordinary Share at $1.00, with gross proceeds of… The stock moved +1.2% by the first close after the filing.

Summary of the filing

NFT Limited is conducting a best-efforts public offering of 600,000 Units at $1.00 per Unit and 400,000 Pre-Funded Units, each consisting of one Class A Ordinary Share (or Pre-Funded Warrant) and one Common Warrant to purchase one Class A Ordinary Share at $1.00, with gross proceeds of approximately $1.0 million before fees and expenses.

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Key details

Offering price per Unit$1

Number of Units offered$600K

Number of Pre-Funded Units offered$400K

Gross proceeds from Units$600K

Gross proceeds from Pre-Funded Units (at $0.96 each)$384K

Total gross proceeds$984K

Exercise price of Common Warrants$1

IssuerNFT Limited

How MI stock reacted

Close before

$0.89

Oct 8, 2026

First close after

+1.22%

$0.90

5 trading days

-25.70%

$0.66

Since filing

-65.70%

$0.31

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Frequently asked questions

What did MI file with the SEC on Oct 9, 2026?

MI filed a 424B5 (Secondary offering). NFT Limited is conducting a best-efforts public offering of 600,000 Units at $1.00 per Unit and 400,000 Pre-Funded Units, each consisting of one Class A Ordinary Share (or Pre-Funded Warrant) and one Common Warrant to purchase one Class A Ordinary Share at $1.00, with gross proceeds of approximately $1.0 million before fees and expenses.

What does a secondary offering mean for MI stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did MI stock react to this filing?

MI closed at $0.89 before the filing and $0.90 on Oct 9, 2026 (+1.22%). Five trading days later: $0.66 (-25.70%).

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