Public Auction of Nearly 2 Million Future FinTech Shares Scheduled Following NY Court Order

Upcoming Public Auction of Future FinTech Shares

On June 12, 2025, the U.S. Marshal will host a public auction for 1,951,443 shares of common stock from Future FinTech Group Inc. This auction is a part of FT Global Capital, Inc.'s enforcement of a court judgment issued by the U.S. District Court for the Northern District of Georgia in favor of FT Global against Future FinTech. The court had ordered an Amended Judgment for approximately $10.8 million against Future FinTech on April 16, 2024, a significant portion of which remains unpaid.

The auction will take place at noon in front of Room 850 at the United States District Court for the Southern District of New York, located at 500 Pearl Street, New York, New York. The shares will be sold "as is," without any warranties and subject to any encumbrances that may exist. It's also important to note that these shares have not been registered under the U.S. Securities Act of 1933 and will come with typical restrictive legends.

Only accredited investors, as defined by federal securities regulations, may participate in the auction. All potential buyers should be prepared to adhere to reporting obligations mandated by the federal securities law. This auction is not a public offering, and thus the shares will be exclusively presented to allowed buyers.

FT Global is taking this step as a measure to recover the unpaid amount stemming from the court's judgment against Future FinTech. The company has indicated that it will pursue further enforcement actions both domestically and internationally against Future FinTech and its officials to ensure compliance.

FT Global Capital, Inc. operates as an investment banking firm headquartered in Miami Beach, Florida, and has a presence in New York. Their role in this process is critical as they seek to fulfill their legal right to the stocks in question. Legal counsel for FT Global includes the reputable Olshan Frome Wolosky LLP, which is providing litigation support during this process, along with local counsels in varying jurisdictions to facilitate the enforcement operations.

Future FinTech Group Inc. itself is publicly listed on Nasdaq under the ticker FTFT. For more information on the company's financial filings and disclosures, investors can visit the U.S. Securities and Exchange Commission's EDGAR website.

Conclusion

This forthcoming auction reflects an essential step in corporate accountability and adherence to judicial determinations within the financial market space. Investors and participants are encouraged to remain informed about the developments surrounding Future FinTech and its ongoing legal and financial status as this auction date approaches.