Future Fintech (FTFT) Stock Pops On Compliance News

Future FinTech Group FTFT Stock News

Progress Is Being Made

While FTFT isn’t completely out of the water, it is making steps in the right direction. With the recent filings, the company has gotten over one big hurdle to maintain its listing on the Nasdaq Capital Market.

It’s important to keep in mind that because the company followed its plan to file and regain compliance on this side, the NASDAQ staff is more likely to provide an extension, giving the company the time necessary to bring shareholder equity back to where it should be.

So, not only is this a step in the right direction, it sets the stage for more positive news ahead. Should the NASDAQ accept the company’s plan and the extension be provided, Future FinTech Group will be well positioned to maintain its listing with the NASDAQ and access to the liquidity provided through the Nasdaq Capital Market.

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Final Thoughts

With one hurdle overcome and the other hurdle getting closer to being overcome, investors are excited about the opportunity that FTFT provides ahead. So, keep a close eye on the stock, particularly watching the Nasdaq’s response to the company’s plan to improve shareholder equity. When the news hits, it could prove to be a strong catalyst.

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