May 29, 2024

IPO News

Compliance Win – FTFT Continues to Soar as Fintech Stock

Future FinTech Group Inc. (NASDAQ: FTFT) has recompiled with the Fintech stock market’s periodic reporting requirement under Listing Rule 5250(c)(1). On April 21, 2023, the NASDAQ stock market Listing Qualifications Staff sent the blockchain app technology developer and fintech service provider a formal notice of compliance. The Staff informed the company on April 18, 2023, that it violated Nasdaq Listing Rule 5250(c)(1) because it had not filed its Annual Report on Form 10-K for the FY2022 with the Securities and Exchange Commission.

The stock news today stated that the future FinTech Group Inc. submitted its Form 10-K ending December 31, 2022, on April 19, 2023, resolving the compliance issue. The NASDAQ Listing Rule demands timely SEC filings. Florida-based Future FinTech Group Inc. runs Chain Cloud Mall (“CCM”), a blockchain-based supply chain financing, online shopping mall, asset management, and money transfers. The company also develops cryptocurrency mining, market data services, blockchain-based e-commerce, financial service technology and cryptocurrency investment management enterprises.

Future FinTech Group Inc. uses blockchain technology to alter businesses and boost global economic growth. The company is constantly seeking collaborations and acquisitions to extend its blockchain services. Resolving the compliance issue allows the company to engage in trading on the tech stock market, which is good for shareholders. Finally, Future FinTech Group Inc.’s NASDAQ Listing Rule compliance is significant. The Listing Rule allows the company’s blockchain and fintech services to continue to benefit shareholders. As per the Fintech news, the future FinTech Group Inc.’s solutions based on blockchain could revolutionize established sectors and boost global economic growth.

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