NFT Ltd is subject to a reported 4.99% beneficial ownership position covering 28,333 Class A ordinary shares tied to Intracoastal Warrant 2. Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital state the securities were not acquired or held to change control, giving investors a defined passive ownership position.

Key Highlights

  • The group’s earlier post-agreement position was calculated at 25,652 shares and approximately 9.99% ownership.
  • Intracoastal Capital issued 28,748 ordinary shares upon exercising Intracoastal Warrant 1.
  • A blocker excludes 26,015 additional shares from beneficial ownership under Intracoastal Warrant 2.

NFT Ltd (AMEX: MI) is now subject to a reported 4.99% passive stake held by Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital, LLC. The securities are tied to the exercise of Intracoastal Warrant 2.

28,333 Shares Tied To Warrant 2

The reported securities are Class A ordinary shares with a Par Value of $0.04 per share. Kopin, Asher and Intracoastal each show the same beneficial ownership position of 28,333 shares and 4.99% of the class.

Intracoastal Capital is a Delaware Limited Liability company. Kopin and Asher are identified as individuals, with Kopin signing for Intracoastal as its manager. Their principal Business offices are listed in Delray Beach, Florida, and Oak Park, Illinois, respectively.

The position is connected to Intracoastal Warrant 2. The reported 28,333 shares represent the amount treated as beneficially owned under the warrant’s ownership limitation.

Position Shifted After Securities Agreement

The ownership calculation changed after the Securities Purchase Agreement was executed with NFT Ltd on August 21, 2026. Immediately after that agreement, each reporting person may have been deemed to beneficially own 25,652 ordinary shares, including 25,600 shares to be issued to Intracoastal and 52 shares issuable through Intracoastal Warrant 1.

That earlier calculation represented approximately 9.99% ownership, based on 231,129 ordinary shares outstanding before the agreement, the 25,600 shares to be issued and the 52 warrant shares. The calculation also excluded 28,696 shares covered by a blocker in Intracoastal Warrant 1 and 54,348 shares subject to a blocker in Intracoastal Warrant 2.

Without those limitations, the group may have been deemed to beneficially own 108,696 ordinary shares.

Blocker Defines Passive Ownership

The ownership statement says the securities were not acquired or held with the purpose or effect of changing or influencing control of NFT Ltd. It also says they were not acquired or held in connection with a transaction having that purpose, other than activities solely connected with a nomination under Section 240.14a-11. Kopin, Asher and Intracoastal signed the ownership statement on August 27, 2026.

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Source(s)

  • https://www.sec.gov/Archives/edgar/data/1958713/000121390026094405/primary_doc.xml