reports
NFT LTD. ANNOUNCES 1 FOR 50 REVERSE SHARE SPLIT
NFT LTD. ANNOUNCES 1 FOR 50 REVERSE SHARE SPLIT Hong Kong, April 11, 2024 (GLOBE NEWSWIRE) -- NFT Ltd. (NYSE American: MI) ("Company" or "NFT", formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles today announced that a 1 for 50 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's shareholders on March 18, 2024 and is expected to become effective on or around April 12, 2024 (the “Reverse Split”). Upon the effectiveness of the Reverse Split, NFT shareholders will ...
NFT LTD. ANNOUNCES RECEIPT OF NYSE AMERICAN CONTINUED LISTING STANDARD...
NFT LTD. ANNOUNCES RECEIPT OF NYSE AMERICAN CONTINUED LISTING STANDARD NONCOMPLIANCE NOTICE Hong Kong, Sept. 22, 2023 (GLOBE NEWSWIRE) -- NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles, today announced that it had received a deficiency letter (“Letter”) from NYSE American LLC (“NYSE American” or the “Exchange”) on September 19, 2023 stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE...
Takung Art Receives Notice of Noncompliance from NYSE American Exchang...
Takung Art Receives Notice of Noncompliance from NYSE American Exchange Hong Kong, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE American: TKAT) ("Company" or "TKAT"), as an emerging online trading platform operator of international art and collectibles, today announced it has received a notice of noncompliance from the NYSE American Exchange on January 20, 2023 because the Company did not hold an annual meeting in 2022 due to it requiring additional time to respond to comments from the U.S. Securities Exchange Commission (the “SEC”) regarding the Company’s Definitive Prox...
TKAT Provides Update of the NFT Trading Platform
TKAT Provides Update of the NFT Trading Platform New York, May 05, 2022 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE American: TKAT) ("Company" or "TKAT"), as an emerging online trading platform operator of international art and collectibles, provided an update of its newly launched NFT trading platform at . Since its launch, there have been more than 60 products listed on the platform and more than 107 new registered users, having generated approximately 40 transactions. Co-CEO Kuangtao Wang commented, “we have been working hard to implement the blockchain NFT business since Jul...
TKAT announces launch of NFT trading website
TKAT announces launch of NFT trading website New York, April 29, 2022 (GLOBE NEWSWIRE) -- Takung Art Co Ltd. (NYSE: TKAT) (the "Company" or "TKAT"), an emerging operator of a fine art and collectibles online trading platform, today announced the launch of its own non-fungible tokens (NFTs) website www. nftoeo.com. This website allows art collectors and investors to buy, sell and discover exclusive digital art items. The launch of the website marks execution of the Company’s strategy to roll out its NFT marketplace business. Co-CEO Kuangtao Wang commented, “We have been diligently im...
Takung Art Co., Ltd Announces Management Update
Takung Art Co., Ltd Announces Management Update HONG KONG, CHINA, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced the appointment of Mr. Kuangtao Wang as Co-Chief Executive Officer (Co-CEO) to help develop and guide the Company’s strategies in Non-Fungible Token (NFT) related businesses. As a General Manager for Yongbao Culture and Media Co. Ltd. since 2007, Mr. Wang is a seasoned industry veteran with a deep understanding and practical experien...
Takung Art Co., Ltd Announces Closing of $5.0 Million Private Placemen...
Takung Art Co., Ltd Announces Closing of $5.0 Million Private Placement HONG KONG, CHINA , July 13, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced the closing of its previously announced private placement of 571,429 shares of Common Stock at a purchase price of $8.75 per share. Gross proceeds were approximately $5 million, before deducting placement agent fees and other offering expenses. The Company currently intends to use the net proceeds from this of...
Takung Art Co., Ltd. Announces $5.0 Million Private Placement
Takung Art Co., Ltd. Announces $5.0 Million Private Placement HONG KONG, CHINA, July 08, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced that it has entered into a securities purchase agreement (the “SPA”) with an institutional investor to raise $5.0 million through a private placement of 571,429 shares of Common Stock at a purchase price of $8.75 per share. The closing of the private placement is expected to occur by July 12, 2021, subject to the satisf...
- Fiona Orford-Williams
Takung Art - Pausing new listings
Takung’s H118 results show good progress in the number of new listings, with accompanying fees up 137% on the comparative period. Patterns in commission revenue reflect the previously announced shift in emphasis towards the retail market. In light of the disruption to online transactions in China as a result of contagion from problems in peer-to-peer lending, management has decided to pause new listings for Q3 and possibly beyond, with some associated internal restructuring. We have reduced ou...
- Fiona Orford-Williams
Takung Art - Growing the retail base
Takung Art’s Q118 results show it is making progress at reorienting its user base more towards the retail market, which significantly increases its potential reach. There has also been some success in the quarter in increasing the average listing values of the items listed on the trading platform and in diversifying the offering, with five new pieces of sports memorabilia listed in the period. The FY17 reconstruction makes direct comparison with Q117 figures of limited use. The share price is ...
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