L1 Capital Global Opportunities Master Fund, Ltd. reported a 9.8% ownership stake in NFT Ltd, representing 50,000 Class A Ordinary Shares. The passive designation matters because the securities were not acquired or held to change NFT Ltd’s control, while 50,000 Common Warrants are excluded from the reported stake.
Key Highlights
- NFT Ltd’s Class A Ordinary Shares carry a $0.04 par value.
- The report covers 50,000 Class A Ordinary Shares of NFT Ltd.
- The shares have a $0.04 par value, and the security record is dated Aug 21, 2026.
- The position is classified as passive, and David Feldman signed the report on Aug 27, 2026.
50,000 Class A Ordinary Shares Reported
The Class A Ordinary Shares have a $0.04 par value, and the security record carries the date Aug 21, 2026. The report was signed by David Feldman on Aug 27, 2026.
Passive Status Sets Out Control Position
The fund certified that the securities were not held in connection with a transaction intended to change or influence NFT Ltd (AMEX: MI)’s control, except for activities solely connected with a nomination under § 240.14a-11. To the extent that applies, both directors disclaim beneficial ownership for all other purposes.
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FAQs
Q: What does L1 Capital’s passive NFT Ltd stake mean?
A: The ownership report says the securities were not acquired or held to change or influence NFT Ltd’s control. The reported amount excludes 50,000 Common Warrants.
Q: How many Class A Ordinary Shares are reported?
A: The filing reports 50,000 Class A Ordinary Shares of NFT Ltd. The shares have a $0.04 par value, and the security record is dated Aug 21, 2026.
Q: Why is the position classified as passive?
A: The securities were not acquired or held to change or influence NFT Ltd.’s control. An exception applies to activities solely connected with a nomination under § 240.14a-11.
Q: Who signed the report and what ownership position is stated?
A: David Feldman signed the report on Aug 27, 2026. To the extent the nomination-related exception applies, both directors disclaim beneficial ownership for all other purposes.
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