As filed with the Securities and Exchange Commission on August 13, 2015May 4, 2018.

 

Registration No. 333-__________333-_____

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-3

 

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

 

SKYPEOPLE FRUIT JUICE,FUTURE FINTECH GROUP INC.

 (Exact name(Exact Name of registrantRegistrant as specifiedSpecified in its charter)Its Charter)

  

Florida 98-0222013

(State or other jurisdictionOther Jurisdiction of

 incorporation
Incorporation or organization)

Organization)
 

(I.R.S. Employer


Identification Number)

 

Future FinTech Group Inc.

16F, China23F, National Development Bank Tower No. 2,

No. 2 Gaoxin 1st Road, Xi’an, PRC

710075

86-29-88377161+ (86-29) 8187 8277

 (Address, including zip code,(Address, Including Zip Code, and telephone number,

including area code,Telephone Number, Including Area Code, of registrant’s principal executive offices)Registrant’s Principal Executive Offices)

 

CT Corporation SystemYongke Xue

818 West Seventh Street23F, National Development Bank Tower

Los Angeles, CA 90017No. 2 Gaoxin 1st Road, Xi’an, PRC 710075

(213) 627 8252+ (86-29) 8187 8277

(Name, address, including zip code,Address, Including Zip Code, and telephone number,

including area code,Telephone Number, Including Area Code, of agentAgent for service)Service)

 

CopyCopies to:

Mark E. Crone

CKR Law LLPJeffrey Li

1330 Avenue of the Americas, 35th FloorPeter B. Cancelmo

New York, NY 10019Chelsea Anderson

212.400.6900Garvey Schubert Barer

Flour Mill Building
1000 Potomac Street NW, Suite 200
Washington, D.C. 20007-3501

(202) 298-1735

 

Approximate date of commencement of proposed sale to the public:From time to time after the effective date of this registration statement.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.  ☐

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.  R☒ 

 

If this Formform is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

 

If this Formform is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

 

If this Formform is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, of 1933, as amended, check the following box.  ☐

 

If this Formform is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rulerule 413(b) under the Securities Act, of 1933, as amended, check the following box.  ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”filer,” “smaller reporting company” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): 

 

Large accelerated filer Accelerated filer
Non-accelerated filer☐      (Do(Do not check if a smaller reporting company)Smaller reporting company
REmerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act.  ☐

 
 

  

CALCULATION OF REGISTRATION FEE

 

Title of each class of
securities to be registered
 Amount to be
registered(1)(2)
  Proposed
maximum
offering price
per security(2)
  Proposed
maximum
aggregate
offering
price (2)
  Amount of
registration fee
 
Primary Offering            
Common Stock, $0.001 par value per share (2)            
Preferred Stock, $0.001 par value per share (2)            
Debt Securities (2)            
Warrants (2)            
Rights (2)            
Units (2)            
                 
Total       $100,000,000  $11,620(3)

Title of Securities To Be Registered(1)

 

Amount

To Be

Registered (1)

  

Proposed

Maximum

Offering Price

Per Share (2)

  

Proposed

Maximum

Aggregate

Offering Price(2)

  

Amount Of

Registration Fee(3)

 
Common Stock, $0.001 par value per share                
Preferred Stock                
Warrants                
Units                
Total $80,000,000   N/A  $80,000,000  $9,960.00 

 

(1)

With regard to the securities included in the primary offering made hereby, thereWe are being registered hereunderregistering under this Registration Statement such indeterminate number of shares of common stock and preferred stock, such indeterminate principal amount of debt securities, such indeterminate number of warrants such indeterminate number of rightsto purchase common stock and/or preferred stock, and such indeterminate number of units as may be sold by the registrant from time to time, which together shall have an aggregate initial offering price not to exceed $100,000,000.  If$80,000,000. We may sell any debt securities we are issued at an original issue discount, then the offering price of such debt securities shall be in such greater principal amount as shall result in an aggregate initial offering price not to exceed $100,000,000, less the aggregate dollar amount of all securities previously issued hereunder. Any securities registered hereunder may be soldregistering under this Registration Statement separately or as units with the other securities registered hereunder.we are registering under this Registration Statement. We will determine, from time to time, the proposed maximum offering price per unit in connection with our issuance of the securities we are registering under this Registration Statement. The securities registeredwe are registering under this Registration Statement also include such indeterminate number of shares of common stock and preferred stock and amount of debt securities as we may be issuedissue upon conversion of or exchange for preferred stock or debt securities that provide for conversion or exchange, upon exercise of warrants or rights or pursuant to the anti-dilution provisions of any of such securities. In addition, pursuant to Rule 416 under the Securities Act of 1933 (the “Securities Act”), the shares being registered hereunderwe are registering under this Registration Statement include such indeterminate number of shares of common stock and preferred stock as may be issuable with respect to the shares being registered hereunderwe are registering as a result of stock splits, stock dividends or similar transactions.

 

(2)With regard to the securities included in the primary offering made hereby,We will determine the proposed maximum aggregate offering price per class of security will be determined from time to time by the registrant in connection with and at the time of, theour issuance of the securities.   securities we are registering under this Registration Statement and we are not specifying such price as to each class of security pursuant to General Instruction II.D. of Form S-3 under the Securities Act.

 

(3)With regard to the securities included in the primary offering made hereby, calculatedCalculated pursuant to Rule 457(o) under the Securities Act based on the proposed maximum aggregate offering price of all securities listed.Act.

 

The registrantRegistrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the registrantRegistrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 
 

  

The information in this prospectus is not complete and may be changed.  We may not sell these securities until the Registration Statementregistration statement filed with the Securities and Exchange Commission is effective.  This prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any Statestate where the offer or sale is not permitted.

SUBJECT TO COMPLETION, DATED MAY 4, 2018

 

Subject to Completion, Dated August 13, 2015PRELIMINARY PROSPECTUS

 

Prospectus

 

SKYPEOPLE FRUIT JUICE, INC.Future FinTech Group Inc.

 

$100,000,00080,000,000

Common Stock

Preferred Stock

Debt Securities

Warrants

Rights

Units

 

We may offer and sell from time to time shares of our common stock, par value $0.001 (“Common Stock”), preferred stock, warrants and units that include any of these securities. The aggregate initial offering price of the securities sold under this prospectus will not exceed $80,000,000. We will offer the securities in one or more series or issuances andamounts, at prices and on terms that we will determineto be determined at the time of the offering,offering.

Our Common Stock is quoted on the NASDAQ Global Market under the symbol “FTFT.” As of May 2, 2018, the aggregate market value of our outstanding Common Stock held by non-affiliates was approximately $10,219,410 based on 25,417,083 shares of outstanding Common Stock, of which 20,432,005 shares are held by affiliates, and a price of $2.05 per share, which was the last reported sale price of our common stock, preferred stock, debt securities, warrants, rightsCommon Stock as quoted on the NASDAQ Global Market on that date. During the 12 calendar months prior to, and units described inincluding, the date of this prospectus, inwe have not sold any combination either individually or in units, upsecurities pursuant to an aggregate amountGeneral Instruction I.B.6 of $100,000,000. Unless otherwise provided in a prospectus supplement, we will use the net proceeds from the saleForm S-3. You are urged to obtain current market quotations of our securities for general working capital purposes.Common Stock.

  

Each time we sell securities hereunder, we will attach a supplement to this prospectus that contain thecontains specific information about the terms of the offering, including the price at which we are offering the securities to the public. AnyThe prospectus supplement may also add, update or change information contained or incorporated in this prospectus. You should carefully read this prospectus and the applicable prospectus supplement as well as the documents incorporated or deemed to be incorporated by reference in this prospectuscarefully before you purchase any of the securities offered hereby.invest in our securities.

 

TheseThe securities hereunder may be offered and sold in the same offeringdirectly by us, through agents designated from time to time by us or in separate offerings; to or through underwriters dealers, and agents; or directly to purchasers. The names ofdealers. If any underwriters,agents, dealers or agentsunderwriters are involved in the sale of ourany securities, their compensationnames, and any over-allotment options held byapplicable purchase price, fee, commission or discount arrangement between or among them will be describedset forth, or will be calculable from the information set forth, in the applicable prospectus supplement. See “Plan of Distribution.”

the section entitled “About This prospectus may not be used to offer or sell securities unless accompanied by a prospectus supplement.

Our common stock is listed on the Nasdaq Global Market under the symbol “SPU.” On [August 10], 2015, the last reported sale price of our common stock was $[1.13] per share. We recommend that you obtain current market quotationsProspectus” for our common stock prior to making an investment decision. We will provide information in any applicable prospectus supplement regarding any listing of securities other than shares of our common stock on any securities exchange.

As of [August 10], 2015, the aggregate market value of our outstanding common stock held by non-affiliates, or the public float, was $[15,013,022] which was calculated based on 13,285,860 shares of our outstanding common stock held by non-affiliates and a price of $[1.13] per share, the last reported sale price for our common stock on [August 10], 2015. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the 12 calendar months prior to and including the date of this prospectus.

more information.

  

You should carefully read this prospectus, any prospectus supplement relating to any specific offering of securities, and all information incorporated by reference herein and therein.

Investing in our securities involves a high degreecertain risks. See “Risk Factors” beginning on page 6 of risk. These risks are referencedthis prospectus. In addition, see “Risk Factors in this prospectus under “Risk Factors”our Annual Report on Form 10-K for the year ended December 31, 2017. You should carefully read and are discussedconsider these risk factors before you invest in the documents incorporated by reference into this prospectus.our securities.

  

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined ifpassed upon the adequacy or accuracy of this prospectus is truthful or complete.prospectus. Any representation to the contrary is a criminal offense.

 

The date of this prospectus is August __, 2015.●, 2018.

  

 
Table of Contents

 

TABLE OF CONTENTS

 

 Page
ABOUT THIS PROSPECTUSi1
PROSPECTUS SUMMARYTHE COMPANY1
RISK FACTORS26
NOTE REGARDING FORWARD-LOOKING STATEMENTS27
USE OF PROCEEDS7
DESCRIPTION OF CAPITAL STOCK37
DESCRIPTION OF COMMON STOCK37
DESCRIPTION OF PREFERRED STOCK4
DESCRIPTION OF DEBT SECURITIES59
DESCRIPTION OF WARRANTS10
DESCRIPTION OF RIGHTS119
DESCRIPTION OF UNITS1311
PLAN OF DISTRIBUTION1311
INTERESTS OF NAMED EXPERTS AND COUNSELLEGAL MATTERS12
EXPERTS1512
INCORPORATION OF CERTAIN INFORMATIONDOCUMENTS BY REFERENCE13
WHERE YOU CAN FIND MORE INFORMATION1613

 

ABOUT THIS PROSPECTUSThe distribution of this prospectus may be restricted by law in certain jurisdictions. You should inform yourself about and observe any of these restrictions. If you are in a jurisdiction where offers to sell, or solicitations of offers to purchase, the securities offered by this document are unlawful, or if you are a person to whom it is unlawful to direct these types of activities, then the offer presented in this prospectus does not extend to you.

 

This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of the offering and the offered securities. This prospectus, together with applicable prospectus supplements, any information incorporated by reference, and any related free writing prospectuses we file with the Securities and Exchange Commission (the “SEC”), includes all material information relating to these offerings and securities. We may also add, update or change in the prospectus supplement any of the information contained in this prospectus or in the documents that we have incorporated by reference into this prospectus, including without limitation, a discussion of any risk factors or other special considerations that apply to these offerings or securities or the specific plan of distribution.

We have not authorized anyone to give any information or make any representation about us that is different from, or in addition to, that contained in this prospectus, including in any of the materials that we have incorporated by reference into this prospectus, any accompanying prospectus supplement, and any free writing prospectus prepared or authorized by us. Therefore, if anyone does give you information of this sort, you should not rely on it as authorized by us. You should rely only on the information contained or incorporated by reference in this prospectus. We have not authorizedprospectus and any other person to provide you with information that is different from such information. If anyone provides you with different or inconsistent information, youaccompanying prospectus supplement.

You should not rely on it. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. You should assume that the information contained in this prospectus and any accompanying supplement to this prospectus is accurate only ason any date subsequent to the date set forth on the front of the document or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus regardless ofand any accompanying supplement to this prospectus is delivered or securities are sold on a later date.Neither the time of delivery of this prospectus, nor any sale made hereunder, shall under any circumstances create any implication that there has been no change in our affairs since the date hereof or that the information incorporated by reference herein is correct as of any saletime subsequent to the date of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date.such information.

ABOUT THIS PROSPECTUS

 

This prospectus is part of a registration statement we filed with the Securities and Exchange Commission, or the SEC, using a “shelf” registration process. Under this shelf registration process, we may, from time to time, offer and sell any combination of the securities described in this prospectus in one or more offerings. The aggregate initial offering price of all securities sold under this prospectus will not exceed $80,000,000.

This prospectus provides certain general information about the securities that we may offer hereunder. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of the offering and the offered securities. The prospectus supplement will contain the specific information about the terms of the offering. In each prospectus supplement, we will include the following information:

the number and type of securities that we propose to sell;

the public offering price;

the names of any underwriters, agents or dealers through or to which the securities will be sold;

any compensation of those underwriters, agents or dealers;

any additional risk factors applicable to the securities or our business and operations; and

any other material information about the offering and sale of the securities.

In addition, the prospectus supplement may also add, update or change the information contained or incorporated in this prospectus. The prospectus supplement will supersede this prospectus to the extent it contains summaries of certain provisionsinformation that is different from, or that conflicts with, the information contained or incorporated in this prospectus. You should read and consider all information contained in some ofthis prospectus and any accompanying prospectus supplement in making your investment decision.You should also read and consider the information contained in the documents described herein, but reference is made toidentified under the actual documents for complete information. Allheading “Incorporation of the summaries are qualified in their entiretyCertain Documents by the actual documents. Copies of the documents referred to herein have been filed, or will be filed or incorporated by reference as exhibits to the registration statement of which this prospectus is a part,Reference” and you may obtain copies of those documents as described below under "Where“Where You Can Find More Information; Incorporation by Reference."Information” in this prospectus.

 

As used in this prospectus, "SkyPeople Fruit Juice,“Future FinTech Group Inc.,"” “FTFT”, the "Company," "we," "our"“Company,” “we,” “our” or "us"“us” refers to SkyPeople Fruit Juice,Future FinTech Group Inc., and its subsidiaries on a consolidated basis, unless otherwise indicated.

i

PROSPECTUS SUMMARY

This summary highlights information contained elsewhere in this prospectus “China” and the documents incorporated by reference. This summary does not contain all of the information that you should consider before deciding“PRC” refer to invest in our common stock. You should read this entire prospectus carefully, including the "Risk Factors," our consolidated financial statements and other documents incorporated by reference.

Overview

We are a holding company incorporated under the laws of Florida. We have two direct wholly owned subsidiaries: Pacific Industry Holding Group Co., Ltd., (“Pacific”), a company incorporated under the laws of the Republic of Vanuatu, and Harmony MN Inc., (“Harmony”), a company organized under the laws of Delaware. Pacific holds 100% equity interest of SkyPeople Juice International Holding (HK) Ltd. (“SkyPeople International”), a company organized under the laws of Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”). SkyPeople International holds 99.78% of the equity interest of SkyPeople Juice Group Co., Ltd., (“SkyPeople (China)”), a company incorporated under the laws of the People’s Republic of China (“the PRC”). SkyPeople (China) has six direct subsidiaries, all limited liability companies organized under the laws of the PRC: (i) Shaanxi Qiyiwangguo Modern Organic Agriculture Co., Ltd., (“Shaanxi Qiyiwangguo”), (ii) Huludao Wonder Fruit Co., Ltd., (“Huludao Wonder”), (iii) Yingkou Trusty Fruits Co., Ltd., (“Yingkou”), (iv) SkyPeople Juice Group Yidu Orange Products Co. Ltd., (“Orange Products”), (v) “Hedetang Fruit Juice Beverage (Yidu) Co., Ltd., (“Hedetang Juice Beverages”), (vi) SkyPeople (Suizhong) Fruit and Vegetable Products Co., Ltd., (“SkyPeople Suizhong”), (vii) SkyPeople Juice Group (Mei County) Kiwi Fruit and Farm Products Trading Market Co., Ltd. (“Kiwi Fruit & Farm Products”) and Shaanxi Guo Wei Mei Kiwi Deep Processing Co., Ltd. (“Guo Wei Mei”)China. 

1

THE COMPANY

Overview

 

We are engaged in the production and sales of fruit juice concentrates (including fruit purees, concentrated fruit purees and concentrated fruit juices), fruit beverages (including fruit juice beverages and fruit cider beverages), and other fruit related products (including organic and non-organic fresh fruits), and the sales of the IB-LIVE series of products online and offline in and from the People’s Republic of China (the “PRC”).PRC. Our fruit juice concentrates, which include apple, pear and kiwifruit concentrates, are sold to domestic customers and exported directly or via distributors. We sell our Hedetang branded bottled fruit beverages domestically primarily to supermarkets in the PRC.

 In 2017, sales of our fruit concentrates, fruit beverages, and other fruit-related products represented 30%, 69%, and 1% of our revenue, respectively, compared to sales of 51%, 43%, and 6%, respectively, in 2016. We export our products as well as sell them domestically. We sell our products either through distributors with good credit or to end usersend-users directly. We believe that ourOur main export markets are the Asia, North America, Europe, Russia and the Middle East. We sell our Hedetang brand bottled fruit beverages domestically, primarily to supermarkets in the PRC. We also sell our other fruit relatedfruit-related products to domestic customers.

 

We currently market our Hedetang brand fruit beverages in only certain regions of the PRC. We plan to expand the market presence of Hedetang over a broader geographic area in the PRC. In particular, we plan to expand our glass bottle production line to produce higher margin portable fruit juice beverages targeting consumers in more populated Chinese cities. Currently we produce six flavors of fruit beverages in 280 ml glass bottles, 418 ml glass and 500 ml glass bottles and BIB package, including apple juice, pear juice, kiwifruit juice, mulberry juice, kiwifruit cider and mulberry cider. We currently sell our fruit beverages to over 100 distributors and more than 20,000 retail stores in approximately 20 provinces. Our products are sold through distributors in stores such as Hualian Supermarket in Beijing, RT-Mart in Shenyang, WOWO in Chengdu, the Quanjia convenient store chain, Vanguard in Xi’an, Carrefour in Chongqing and Shenyang and Lianhua Supermarket in Shanghai, etc.Shanghai.

 

The Company is transforming its business from fruit juice manufacturing and distribution to financial technologies, online sales and internet distribution businesses. The Company is engaging in the research and development of digital asset systems based on block-chain technology and is also an incubator of application projects related to block-chain technology. The Company and its subsidiaries are developing block-chain technology and cryptocurrencies for a variety of B2B and B2C real-life applications including a variety of financial businesses and the distribution, marketing and sale of consumer products. We planare also developing an operational platform utilizing block-chain technology and the shared economy, which includes an integrated online shopping mall.

On January 19, 2018, the Company filed a definitive Schedule 14A (the “Proxy”) to continuesolicit shareholders’ proxies for a special meeting of the Company’s shareholders in connection with proposals to focus(i) spin-off the Company’s wholly-owned subsidiaries, SkyPeople Foods Holding Limited (“SkyPeople BVI”) and Digital Online Marketing Limited (“Digital Online”), through a pro rata distribution of the ordinary shares of each of SkyPeople BVI and Digital Online to holders of the Company’s common stock at the close of business on creatingJanuary 22, 2018, the record date (the “Spin Offs”); (ii) to approve an amendment to the Company’s Second Amended and Restated Articles of Incorporation, which would increase the amount of authorized shares of common stock, par value $0.001 per share, of the Company from 8,333,333 to 60,000,000; (iii) to adopt and approve the Future FinTech Group Inc. 2017 Omnibus Equity Plan; (iv) to approve the issuance of an aggregate 7,111,599 shares of the Company’s common stock pursuant to certain Creditor’s Rights Transfer Agreements between a wholly owned subsidiary of the Company and sellers of such creditor’s rights; and (v) to approve the issuance of an aggregate 11,362,159 shares of the Company’s common stock pursuant to a Share Purchase Agreement between the Company and a certain investor. On March 13, 2018, the Company held the Special Meeting of Shareholders and the above proposals were approved by the shareholders of the Company. The Company anticipates completing the Spin Offs in the third quarter of 2018.

2

Following the completion of the Spin Offs, the main business operations of Future FinTech will be focused on (i) the online sales of fruit juice products and beverages, and consumer and health-related products, through GlobalKey Supply Chain Limited (formerly known as Shaanxi Quangoutong E-Commerce Inc.) (“GlobalKey Supply Chain”); (ii) the design, development, testing, deployment and maintenance of a blockchain-based Globally Shared Shopping Mall and other related software systems (iii) the operation of a supply chain, logistics and trading business for fruit juice products, foods and other consumer and agricultural products through Hedetang Farm Products Trading Market (Mei County) Co., Ltd.; (iv) bulk agricultural products spot trading business and financial technology businesses, including software development and information services for the financial leasing and project finance industries through intelligent investment advisory and blockchain technology; (v) related asset and equity investment management; and (vi) the development and operation of a blockchain platform for cyptocurrency conversion, payment and other services through our 60% owned subsidiary DCON DigiPay Limited ("DCON DigiPay") incorporated in Japan. The Company will use blockchain technology to develop its use in different business segments, including online sales and internet distribution businesses. The Company will also use the application blockchain technology in agricultural products trading, to facilitate financial payments and transactions, and intend to use both blockchain and artificial intelligence technologies to create new products with high margins to supplementopportunities. The Company anticipates generating revenues from our current product offering.finance leasing business, the acquisition and disposal of financial assets and the application of block-chain technology for online sales of products.

   

Other InformationOur History

 

ForFuture Fintech Group Inc. is a complete descriptionholding company incorporated under the laws of the State of Florida. We have three direct wholly-owned subsidiaries: DigiPay FinTech Limited (“DigiPay,” formerly known as Belkin Foods Holdings Group Limited, changed its name on January 4, 2018), a company incorporated under the laws of the British Virgin Island, Digital Online Marketing Limited (“Digital Online”) (formerly known as FullMart Holding Limited, changed its name on January 5, 2018), a company organized under the laws of British Virgin Island, and SkyPeople Foods Holding Limited (“SkyPeople BVI”), company organized under the laws of British Virgin Island.

SkyPeople BVI holds 100% of the equity interest of HeDeTang Holding (HK) Ltd. (“HeDeTang Holding (HK)”), a company organized under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), and HeDeTang Holding (HK) holds 73.42% of the equity interest of SkyPeople Juice Group Co., Ltd., (“SkyPeople (China)”), a company incorporated under the laws of the PRC. SkyPeople (China) has eleven subsidiaries, all limited liability companies organized under the laws of the PRC: (i) Shaanxi Qiyiwangguo Modern Organic Agriculture Co., Ltd. (“Shaanxi Qiyiwangguo”); (ii) Huludao Wonder Fruit Co., Ltd. (“Huludao Wonder”); (iii) Yingkou Trusty Fruits Co., Ltd. (“Yingkou”); (iv) Hedetang Foods Industry (Yidu) Co. Ltd. (“Food Industry Yidu”); (v) Shaanxi Heying Trading Co. Ltd (“Shaanxi Heying”); (vi) Hedetang Agricultural Plantation (Yidu) Co. Ltd. (“Agricultural Plantation Yidu”); (vii) Xi’an Hedetang Nutritious Food Research Institute Co., Ltd. (“Hedetang Reseach”); (viii) Xi’an Cornucopia International Co., Ltd. (“Xi’an Cornucopia”); (ix) Xi’an Hedetang E-commerce Co. Ltd. (“Hedetang E-commerce”); (x) Hedetang Foods Industry (Zhouzhi) Co. Ltd (“Foods Industry Zhouzhi”); and (xi) Hedetang Foods Industry (Jingyang) Co. Ltd. (“Foods Industry (Jingyang”). Shenzhen TianShunDa Equity Investment Fund Management Co., Ltd. (the “TSD”), a limited liability corporation registered in China, holds another 26.36% of the equity interest of SkyPeople (China). HeDeTang Holdings (HK) also holds 100% of the equity interest of HeDeJiaChuan Holding Group Co. Ltd. (“HeDeJiaChuan Holding”), a company incorporated under the laws of the PRC. HeDeJiaChuan Xi’an has three subsidiaries: (i) SkyPeople (Suizhong) Fruit and Vegetable Products Co., Ltd (“SkyPeople Suizhong”); (ii) HedeJiachuan Foods (Yichang) Co. Ltd (“Hedejiachuan Yichang”); and (iii) Shaanxi Guo Wei Mei Kiwi Deep Processing Co., Ltd. (“Guo Wei Mei”).

Digital Online holds 100% of equity interest of Hedejiachuan (HK) Holdings Limited (“Hedejiachuan HK”), a company organized under the laws of Hong Kong. Hedejiachuan (HK) changed its name into Globalkey Holdings Limited (“Globalkey Holdings”) on January 17, 2018. In September 2017, Globalkey Holdings transferred its wholly owned subsidiary Hedejiachuan Holding Group Co., Ltd., along with its two wholly owned subsidiaries, one 99.5% owned subsidiary, and one 96.67% owned subsidiary to HeDeTang Holding (HK) Ltd. The transferee is a subsidiary of Skypeople BVI. As a result of these transactions, all of Digital Online’s operations were transferred to a subsidiary of SkyPeople BVI, and Digital Online has no operational assets or businesses.

As discussed above, following the completion of the Spin-Offs, we will not have fruit juice manufacturing busiensses and DigiPay will be our only direct and wholly-owned subsidiary. DigiPay holds 100% of the equity interest of Future FinTech (HongKong) Limited (“FinTech HK”), a company organized under the laws of Hong Kong. FinTech HK holds 100% of the equity interest of Hedetang Foods (China) Ltd. (“Hedetang Foods (China)”), and Hedetang Foods (China) holds 90% of the equity interest of Hedetang Farm Products Trading Market (Mei County) Co., Ltd. (“Trading Market Mei County”), a company incorporated under the laws of the PRC. Shaanxi China Agricultural Silk Road Farm Products Trading Center Co., Ltd. (“China Agricultural Silk Road Trading Center”) holds the remaining 10% of the equity interest of Trading Market Mei County. Hedetang Foods (China) also holds 80% of the equity interest of China Agricultural Silk Road Trading Center and 55% of the equity interest of Zhonglian Hengxin Assets Management Co., Ltd. (“Zhonglian Hengxin”). China Agricultural Silk Road Trading Center holds 100% of the equity interest of GlobalKey Supply Chain Limited (GlobalKey Supply Chain). DigiPay was acquired on May 18, 2016.

3

FinTech HK, formerly known as Future World Trading (Hong Kong) and SkyPeople International Trading (HK) Limited, was established on July 27, 2016. It mainly engages in the import and export of food products.

The Company acquired Hedetang Foods China on May 18, 2016 through the acquisition of DigiPay. The scope of business financial condition, results of operationsHedetang Foods China includes wholesale and other importantretail of foods and beverages; import and export trade of fruit, vegetables, dried fruit; packaging; logistics and distribution; online sales; and business management consulting services.

Trading Market Mei County, formerly known as SkyPeople Juice Group (Mei County) Kiwi Fruit and Farm Products Trading Market Co., Ltd., was established on April 19, 2013. Its scope of business includes preliminary processing of agricultural and subsidiary products, establishment of trading market for agriculture products, and similar activities.

Shaanxi China Agricultural Silk Road Farm Products Trading Center Co., Ltd., formerly known as Hedetang Agricultural Plantations (Mei County) Co., Ltd., was established on September 2, 2016. Its scope of business includes the planting, acquisition and sales of vegetables, fruits, flowers, Chinese herbal medicine, farm products; fresh fruit picking; research, training and promotion of planting and breeding technology, development and training of E-commerce and online sales of agricultural and sideline products.

GlobalKey Supply Chain Limited, formerly known as Shaanxi Quangoutong E-commerce Inc., was acquired on May 27, 2017. Its main business scope includes computer hardware and software equipment, electronic products and communication equipment, computer network engineering design, business information we refer youconsultation and investment management. On July 4, 2017, it changed its name to our filingsGlobalKey Supply Chain Limited.

On November 2, 2017, a wholly-owned indirect subsidiary of the Company, Hedetang Foods (China) Co., Ltd. (“Hedetang”), entered into a series of Creditor’s Rights Transfer Agreements (collectively, the “Acquisition Agreements”) with each of Shaanxi Chunlv Ecological Agriculture Co. Ltd., Shaanxi Boai Medical Technology Development Co., Ltd., and Shaanxi Fu Chen Venture Capital Management Co. Ltd. (collectively, the “Sellers”). Pursuant to the Acquisition Agreements, Hedetang agreed to purchase certain creditor’s rights of associated with companies located in the PRC for an aggregate purchase price of RMB 181,006,980 (approximately $27,344,096), of which RMB 108,604,188 (approximately $16,437,248.50) was paid in cash and RMB 72,402,792 (approximately $10,937,638.50) was paid in shares of common stock of the Company (the “Share Payment”) based on the average of the closing prices of Future FinTech’s common stock over the five trading days preceding the date of the Acquisition Agreements, and subject to approval by Future FinTech’s shareholders. On March 13, 2018, the Company held a Special Meeting of shareholders, and the shareholders approved an amendment to the Second Amended and Restated Articles of Incorporation of the Company (the “Articles Amendment”), which increased the amount of authorized shares of common stock, par value $0.001 per share, of the Company from 8,333,333 to 60,000,000, as well as the Share Payment.

In connection with the SecuritiesAcquisition Agreements and Exchange Commissionto provide funding for their consummation, on November 3, 2017, the Company entered into a Share Purchase Agreement (the “SEC”“Share Purchase Agreement”) that are incorporated by reference in this prospectus, including our Annual Report on Form 10-Kwith Mr. Zeyao Xue (“Xue”) pursuant to which Future FinTech agreed to sell 11,362,159 shares of its common stock (the “Shares”) to Xue for an aggregate purchase price of $16,437,248.50. The per share price for the year ended December 31, 2014, and our Quarterly ReportShares was determined using the average closing price quoted on Form 10-Qthe NASDAQ Global Market for the quarterly period endedcommon stock of the Company over the three (3) trading days prior to the date of the Share Purchase Agreement (the “Purchase Price”), subject to certain potential adjustments. The consummation of the Share Purchase Agreement was contingent on Future FinTech receiving shareholder approval at a Special Shareholders Meeting for the Articles Amendment and the Shares issuance under the Share Purchase Agreement. At the Special Meeting of shareholders held on March 31, 2015. For instructions on how to find copies13, 2018, the shareholders approved the Articles Amendment and the consummation of these documents, please see the section titled “Incorporation of Certain Information by reference” beginning on page 6 of this prospectus.Share Purchase Agreement.

 

The OfferingOur Business

Issuer

SkyPeople Fruit Juice, Inc.
Securities We May Offer

We may offer up to $100,000,000 in aggregate amount of our common stock and preferred stock, and various series of debt securities and warrants or rights, either individually or in units.

Use of Proceeds

We will use the net proceeds from the sale of our securities for general working capital purposes.  
Risk FactorsSee "Risk Factors" on page 2 and other information we include or incorporate by reference in this prospectus for a discussion of factors you should carefully consider before deciding to invest in our common stock.
NASDAQ Global Market SymbolSPU

Through our indirect subsidiaries in the PRC, we are currently engaged in the production and sale of (1) fruit juice concentrates (including fruit purees, concentrated fruit purees and concentrated fruit juices); (2) fruit beverages (including fruit juice beverages and fruit cider beverages); and (3) other fruit-related products (including primarily organic and non-organic fresh fruits, dried fruit, preserved fruit, fructose) in and from the PRC.

 

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Our fruit juice concentrates, which primarily include apple, pear and kiwi, are sold to domestic customers and exported directly or via distributors to customers in Asia, North America, Europe, Russia and the Middle East. We sell our Hedetang branded bottled fruit beverages domestically, primarily to supermarkets in the PRC. Our brand name “Hedetang” was awarded the Most Famous Brand in Shaanxi Province by the Shaanxi Administration Bureau for Industry and Commerce, and this award will expire in December 2018.  Our Hedetang branded fruit juice concentrates were awarded the Xi’an Famous Brand by the Xi’an Municipal People’s Government in February 2017, which such award will expire in December 2019. Our Hedetang branded kiwi juice was awarded the Famous Brand in Shaanxi Province by the Shaanxi Government in February 2017, which such award will expire in December 2019.

Our Huludao Wonder operation, a subsidiary which produces concentrated apple juice, suffered continued operating losses in the three fiscal years ended December 31, 2016 and the cash flows were minimal during the same three fiscal years. Thus, in December 2016, we established a restructuring plan to close our Hudludao Wonder operation.

Specialty fruit juices, or “small breed” fruit juices, are juices squeezed from fruits that are grown in relatively small quantities such as kiwi juice, mulberry juice, turnjujube juice and pomegranate juice. Currently, our specialty juice beverage offerings include pear juice, kiwi juice and mulberry juice. At the end of 2017, we possessed 21 patents and proprietary technologies in the processing technology of specialty fruit juice and gained a number of honors and qualifications in the fruit juice industry.  

As discussed above, we are in the process of transitioning the main business operations of Future FinTech to be focused on (i) the online sales of fruit juice products and beverages, and consumer and health-related products, through GlobalKey Supply Chain; (ii) the design, development, testing, deployment and maintenance of a blockchain-based Globally Shared Shopping Mall and other related software systems (iii) the operation of a supply chain, logistics and trading business for fruit juice products, foods and other consumer and agricultural products through Hedetang Farm Products Trading Market (Mei County) Co., Ltd.; (iv) bulk agricultural products spot trading business and financial technology businesses, including software development and information services for the financial leasing and project finance industries through intelligent investment advisory and blockchain technology; (v) related asset and equity investment management; and (vi) the development and operation of a blockchain platform for cyptocurrency conversion, payment and other services through our 60% owned subsidiary DCON DigiPay Limited ("DCON DigiPay") incorporated in Japan. We will use blockchain technology to develop its use in different business segments, including online sales and internet distribution businesses. We will also use the application blockchain technology in agricultural products trading, to facilitate financial payments and transactions, and intend to use both blockchain and artificial intelligence technologies to create new opportunities. We anticipate generating revenues from our finance leasing business, the acquisition and disposal of financial assets and the application of block-chain technology for online sales of products.

We have been in discussions with blockchain software and system developers to establish a cooperation relationship, and, through a subsidiary, have entered into a services agreement for the development of our blockchain globally shared shopping mall platform. Upon the completion of our blockchain platform, we anticipate that we, or our subsidiaries, will hold some of the products to be sold on the platform in inventory for direct sale, and third-parties will use our platform for sales of their own products. For example, GlobalKey Supply Chain has signed a license agreement with Shaanxi Entai-Biotechnology Co. Ltd. to serve as the sole global general distributor and operational platform for ‘IB-LIVE’, a product that aims to improve male sexual health. We will also continue to actively look for similar cooperation projects and further develop the supply chain business of fruit juices, foods and other consumer products to create more revenue for the Company. After the system is in operation, GlobalKey Supply Chain will become a comprehensive and shared e-commerce shopping platform. We also own 60% of DCON DigiPay , a blockchain platform for cyptocurrency conversion, payments and other services, including but not limited to its business plan and white papers, business models, software, codes, architectures, codes, software, applications, technologies, patents, copyrights, trade secrets, customer lists, business points, trading platforms, digital rights, authentication systems, agreements and contracts, intellectual property, token and the DCON communities established on blockchain platform Nova Realm City (“NRC”) and is the only accepted payment system for NRC communities.

Further, we have, through a subsidiary, acquired creditor’s rights that it anticipates will provide capital for the development of its financial assets business. The finance leasing company will also engage in block-chain and online finance leasing businesses, the acquisition and disposal of financial assets and securitized assets, as well as the provision of support services to Global Shared Shopping Mall. We are also exploring the area to use block-chain to manage the disposal, transfer, trading and securitization of distressed assets.

Corporate Information

Our principal executive office is located at 23F, National Development Bank Tower No. 2, Gaoxin 1st Road, Xi’an, PRC 710075, tel. (86-29) 8837-7216. Our agent for service of process in the United States is Registered Agents, Inc., located at 3030 N. Rocky Point Dr. Ste 150A, Tampa, Florida 33607. Our website address is https://www.ftft.top/. Information contained on our website is not incorporated by reference into this prospectus and you should not consider information on our website to be part of this prospectus.

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RISK FACTORS

 

InvestingAn investment in our securities involves a high degree of risk. YouBefore making any investment decision, you should carefully consider the risks describedrisk factors set forth below, under the caption “Risk Factors” in the documents incorporated by reference in this prospectus and any prospectus supplement, as well as other information we include or incorporate by reference into this prospectus and any applicable prospectus supplement before making an investment decision. Our business, financial condition or results of operations could be materially adversely affected byand under the materialization of any of these risks. The trading price of our securities could decline due to the materialization of any of these risks, and you may lose all or part of your investment. This prospectus and the documents incorporated herein by reference also contain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipatedcaption “Risk Factors” in these forward-looking statements as a result of certain factors, including the risks described in the documents incorporated herein by reference, including (i) our most recent annual report on Form 10-K which is on file with the SEC and is incorporated herein by reference, (ii) our most recentsubsequent quarterly reports on Form 10-Q, which are on file with the SEC and is incorporated by reference intoin this prospectus, as well as in any applicable prospectus supplement, as updated by our subsequent filings under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

These risks could materially affect our business, results of operation or financial condition and (iii) other documents we file withaffect the SECvalue of our securities. Additional risks and uncertainties that are deemed incorporated by reference into this prospectus. These risk factorsnot yet identified may be amended, supplementedalso materially harm our business, operating results and financial condition and could result in a complete loss of your investment. You could lose all or superseded from time to time by risk factors contained in other Exchange Act reports that we file with the SEC, which will be subsequently incorporated herein by reference; by any prospectus supplement accompanying this prospectus; or by a post-effective amendment to the registration statementpart of which this prospectus forms a part. In addition, new risks may emerge at any time and we cannot predict such risks or estimate the extent to which they may affect our financial performance.your investment. For more information, see “Where You Can Find More Information,” “Incorporation By Reference” and “Cautionary Statement Regarding Forward-Looking Statements.Information.

 

Risks Related to Our Securities and the Offering

NOTE CONCERNING FORWARD-LOOKING STATEMENTSFuture sales or other dilution of our equity could depress the market price of our Common Stock.

 

 This Registration StatementSales of our Common Stock, preferred stock, warrants, units or any combination of the foregoing in the public market, or the perception that such sales could occur, could negatively impact the price of our Common Stock. If one or more of our shareholders were to sell large portions of their holdings in a relatively short time, for liquidity or other reasons, the prevailing market price of our Common Stock could be negatively affected.

In addition, the issuance of additional shares of our Common Stock, securities convertible into or exercisable for our Common Stock, other equity-linked securities, including preferred stock or warrants or any combination of the securities pursuant to this prospectus will dilute the ownership interest of our common shareholders and could depress the market price of our Common Stock and impair our ability to raise capital through the sale of additional equity securities.

We may need to seek additional capital. If this additional financing is obtained through the issuance of equity securities or warrants to acquire equity securities, our existing shareholders could experience significant dilution upon the issuance, conversion or exercise of such securities.

Our management will have broad discretion over the use of the proceeds we receive from the sale of our securities pursuant to this prospectus and might not apply the proceeds in ways that increase the value of your investment.

Our management will have broad discretion to use the net proceeds from any offerings under this prospectus, and you will be relying on Form S-3 (“Registration Statement”)the judgment of SkyPeople Fruit Juice, Inc.our management regarding the application of these proceeds. Except as described in any prospectus supplement or in any related free writing prospectus that we may authorize to be provided to you, the net proceeds received by us from our sale of the securities described in this prospectus will be added to our general funds and will be used for general corporate purposes. Our management might not apply the documentsnet proceeds from offerings of our securities in ways that increase the value of your investment and might not be able to yield a significant return, if any, on any investment of such net proceeds. You may not have the opportunity to influence our decisions on how to use such proceeds.

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FORWARD-LOOKING STATEMENTS

Some of the statements contained or incorporated by reference herein include forward-looking statements that involve risks and uncertaintiesin this prospectus may be “forward-looking statements” within the meaning of Section 27A of the Private Securities Litigation Reform Act of 1995. Other than1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act and may involve material risks, assumptions and uncertainties. Forward-looking statements of historical fact, all statements made in this Registration Statement and intypically are identified by the documents incorporated by reference herein are forward-looking, including, but not limited to (a) our projected sales, profitability, and cash flows, (b) our growth strategies, (c) anticipated trends in our industry, (d) our future financing plans and (e) our anticipated needs for working capital. They are generally identifiable by use of the wordsterms such as “may,” “will,” “should,” “believe,” “might,” “expect,” “anticipate,” “estimate,“intend,“plans,“plan,“potential,” “projects,” “continuing,” “ongoing,” “expects,” “management believes,” “we“estimate” and similar words, although some forward-looking statements are expressed differently.

Although we believe” “we intend” or that the negativeexpectations reflected in such forward-looking statements are reasonable, these statements are not guarantees of these words or other variations on these words or comparable terminology. Forward-looking statementsfuture performance and involve certain risks and uncertainties that are inherently difficult to predict and which couldmay cause actual outcomes and results to differ materially from our expectations, forecastswhat is expressed or forecasted in such forward-looking statements. These forward-looking statements speak only as of the date on which they are made and assumptions. The following important factors, among others,except as required by law, we undertake no obligation to publicly release the results of any revision or update of these forward-looking statements, whether as a result of new information, future events or otherwise. If we do update or correct one or more forward-looking statements, you should not conclude that we will make additional updates or corrections with respect thereto or with respect to other forward-looking statements. A detailed discussion of risks and uncertainties that could affect our futurecause actual results and could cause those resultsevents to differ materially from those expressed in such forward-looking statements:

fluctuations in the supply of raw material;

general economic conditions and conditions which affect the market for our products;

changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations, which may impede our access to, or increase the cost of, external financing for our operations and investments;

our success in implementing our business strategy or introducing new products;

our ability to attract and retain customers;

changes in tastes and preferences for, or the consumption of, our products;

impact of competitive activities on our business;

risks associated with conducting business internationally and especially in the People’s Republic of China (“PRC”, or “China”), including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; and

other economic, financial and regulatory factors beyond the Company’s control

Any or all of our forward-looking statements is included in this Registration Statement may turn out to be inaccurate. They can be affected by inaccurate assumptions we might make or by known or unknown risks or uncertainties. Consequently, no forward-looking statement can be guaranteed. Actual future results may vary materially as a result of various factors, including, without limitation,our periodic reports filed with the risks outlined underSEC and in the “Risk Factors” incorporated by reference intosection of this Registration Statement.  In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.prospectus.

 

We undertake no obligation to update forward-looking statements to reflect subsequent events, changed circumstances or the occurrence of unanticipated events.

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USE OF PROCEEDS

 

The securities that may, from time to time, be listed under this prospectusExcept as may be sold by us.

Unless we state otherwisestated in the accompanyingapplicable prospectus supplement, we intend to use the net proceeds we receive from the sale of the securities offered by us pursuant to this prospectus for general corporate purposes. General corporate purposes, which may include, additions toamong other things, repayment of debt, repurchases of common stock, capital expenditures, the financing of possible acquisitions or business expansions, increasing our working capital and the financing of capital expenditures, repayment or redemption of existing indebtedness,ongoing operating expenses and future acquisitions and strategic investment opportunities. We have not determined the amount of net proceeds to be used specifically for such purposes. As a result, management will retain broad discretion over the allocation of net proceeds. Additional information on the use of net proceeds from any sale of securities offered under this prospectus may be set forth in the prospectus supplement or in any related free writing prospectus relating to a specific offering. Pending the application of net proceeds, we expect to invest the net proceeds in investment grade, interest-bearing securities.overhead.

 

DESCRIPTION OF CAPITAL STOCK

 

General

The following descriptionis a summary of commonour capital stock and preferred stock, together withcertain provisions of our certificate of incorporation and bylaws. This summary does not purport to be complete and is qualified in its entirety by the additional information we include in anyprovisions of our Second Amended and Restated Articles of Incorporation, as amended (“Articles of Incorporation”), our Amended and Restated Bylaws (“Bylaws”), and applicable prospectus supplements, summarizes the material terms and provisions of the common stock and preferred stock that we may offer underFlorida Business Corporation Act (the “FCBA”).

See “Where You Can Find More Information” elsewhere in this prospectus but is not complete. For the complete termsfor information on where you can obtain copies of our common stockSecond Amended and preferred stock, please refer to our articlesRestated Articles of incorporation, as amended,Incorporation and Amended and Restated Bylaws, which may be further amended from time to time, any certificates of designation for our preferred stock,have been filed with and our amended and restated bylaws, as amended from time to time. The Florida Business Corporations Act may also affect the terms of these securities. While the terms we have summarized below will apply generally to any future common stock or preferred stock that we may offer, we will describe the particular terms of any series of these securities in more detail in the applicable prospectus supplement. If we so indicate in a prospectus supplement, the terms of any common stock or preferred stock we offer under that prospectus supplement may differare publicly available from the terms we describe below.SEC.

 

As of [August 10], 2015, ourOur authorized capital stock consistedconsists of 66,666,66660,000,000 shares of common stock, $0.001Common Stock, par value $0.001 per share, and 10,000,000 shares of preferred stock, $0.001 par value $0.001 per share,share. Currently, we have no other authorized classes of which none are outstanding. Our board of directors may establish the rights and preferences of the preferred stock from time to time. stock.

DESCRIPTION OF COMMON STOCK

As of [August 10], 2015,May 1, 2018, there are 26,661,499were 25,417,083 shares of our common stock issued andCommon Stock outstanding, and no sharesheld by approximately 80 stockholders of our preferred stock issued and outstanding.record.

 

Our Common Stock is currently traded on the NASDAQ Global Market under the symbol “FTFT.”

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Holders of shares of our Common Stock are entitled to one vote for each share on all matters to be voted on by the shareholders. Except if a greater plurality is required by the express requirements of law or our amended and restated articles of incorporation, the affirmative vote of a majority of the shares of voting stock represented at a meeting of shareholders at which there shall be a quorum present shall be required to authorize all matters to be voted upon by our shareholders. According to our charter documents, holders of our Common Stock do not have preemptive rights and are not entitled to cumulative voting rights.  There are no conversion or redemption rights or sinking funds provided for our shareholders.  Shares of our Common Stock share ratably in dividends, if any, as may be declared from time to time by the board of directors in its discretion from funds legally available for distribution as dividends.  In the event of our liquidation, dissolution or winding up, the holders of our Common Stock are entitled to share pro rata all assets remaining after payment in full of all liabilities.  All of the outstanding shares of our Common Stock are fully paid and non-assessable.

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All issued and outstanding shares of Common Stock are fully paid and nonassessable. Shares of our Common Stock that may be offered for resale, from time to time, under this prospectus will be fully paid and nonassessable.

 

Preferred StockAnti-Takeover Effects of Certain Provisions of Florida Law

 

As a Florida corporation, we are also subject to certain provisions of the FCBA that have anti-takeover effects and may inhibit a non-negotiated merger or other business combination. Our Articles of Incorporation and Bylaws also contain other provisions which could have anti-takeover effects. These provisions include, without limitation, the authority of our Board of Directors to issue additional shares of preferred stock and to fix the relative rights and preferences of the preferred stock without the need for any shareholder vote or approval, as discussed above, and advance notice procedures to be complied with by our shareholders in order to make shareholder proposals or nominate directors.

In addition, Florida law provides that the voting rights to be accorded “control shares,” as defined below, of a Florida corporation such as the Company that has (i) 100 or more shareholders, (ii) its principal place of business, its principal office or substantial assets in Florida and (iii) either more than 10% of its shareholders residing in Florida, more than 10% of its shares owned by Florida residents or 1,000 shareholders residing in Florida, must be approved by a majority of each class of voting securities of the corporation, excluding those shares held by interested persons, before the control shares will be granted any voting rights. “Control shares” are defined under Florida law as shares acquired by a person, either directly or indirectly, that when added to all other shares of the issuing corporation owned by that person, would entitle that person to exercise, either directly or indirectly, voting power within any of the following ranges: (i) 20% or more but less than 33% of all voting power of the corporation’s voting securities; (ii) 33% or more but less than a majority of all voting power of the corporation’s voting securities; or (iii) a majority or more of all of the voting power of the corporation’s voting securities. These provisions do not apply to shares acquired under, among other things, an agreement or plan of merger or share exchange effected in compliance with the relevant provisions of Florida law and to which the corporation is a party, or an acquisition of shares previously approved by the board of directors of the corporation.

Florida law also provides that, if any person who, together with such person’s affiliates and associates, beneficially owns 10% or more of any voting stock of a corporation (referred to as an “interested person”), is a party to any merger, consolidation, disposition of all or a substantial part of the assets of the corporation or a subsidiary of the corporation or other business combination requiring shareholder approval under Florida law, such transaction requires approval by the affirmative vote of the holders of two-thirds of the voting shares other than the shares beneficially owned by the interested person; provided, that such approval is not required if (i) a majority of the disinterested directors has approved the interested person transaction, (ii) the corporation has not had more than 300 shareholders of record at any time during the three years preceding the date of the transaction’s announcement, (iii) the interested person has been the beneficial owner of at least 80% of the corporation’s outstanding voting shares for at least five years preceding the date of the transaction’s announcement, (iv) the interested person is the beneficial owner of at least 90% of the outstanding voting shares of the corporation, exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors, (v) the corporation is an investment company registered under the Investment Company Act of 1940, or (vi) the consideration that holders of the stock of the corporation will receive in the transaction meets certain minimum levels determined by a formula under Florida law.

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DESCRIPTION OF PREFERRED STOCK

As of the date of this prospectus, no shares of preferred stock had been issued or were outstanding. Our board of directors has the authority, without further action by our stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of common stock. The issuance of preferred stock by us could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change of control of our company or other corporate action.

We will file as an exhibit to the Registration Statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of any certificate of designation or amendment to our Certificate of Incorporation provides that describes the terms of any series of preferred stock we are offering before the issuance of that series of preferred stock. This description will include, but not be limited to, the following: (i) the title and stated value; (ii) the number of shares we are offering; (iii) the liquidation preference per share; (iv) the purchase price; (v) the dividend rate, period and payment date and method of calculation for dividends; (vi) whether dividends will be cumulative or non-cumulative and, if cumulative, the date from which dividends will accumulate; (vii) the provisions for a sinking fund, if any; (viii) the provisions for redemption or repurchase, if applicable, and any restrictions on our Board may by resolution, without further voteability to exercise those redemption and repurchase rights; (ix) whether the preferred stock will be convertible into our common stock, and, if applicable, the conversion price, or action byhow it will be calculated, and the stockholders, establish oneconversion period; (x) whether the preferred stock will be exchangeable into debt securities, and, if applicable, the exchange price, or more classeshow it will be calculated, and the exchange period; (xi) voting rights, if any, of the preferred stock; (x) preemptive rights, if any; (xi) restrictions on transfer, sale or other assignment, if any; (xii) a discussion of any material United States federal income tax considerations applicable to the preferred stock; (xiii) the relative ranking and preferences of the preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; (xiv) any limitations on the issuance of any class or series of preferred stock havingranking senior to or on a parity with the number of shares and relative voting rights, designation, dividend rates, liquidation, and other rights, preferences, and limitations as may be fixed by them without further stockholder approval. Once designated by our Board, each series of preferred stock will haveas to dividend rights and rights if we liquidate, dissolve or wind up our affairs and (xv) any other specific financial and other terms, that will be described in a prospectus supplement. The descriptionpreferences, rights or limitations of, or restrictions on, the preferred stock that is set forth in any prospectus supplement is not complete without reference to the documents that govern the preferred stock. These include our Certificate of Incorporation and any certificates of designation that the Board may adopt. Prior to the issuance of shares of each series of preferred stock, the Board is required by the Florida Business Corporations Act and the Articles of Incorporation, as amended, to adopt resolutions and file a certificate of designation with the Secretary of State of the State of Florida. The certificate of designation fixes for each class or series the designations, powers, preferences, rights, qualifications, limitations and restrictions, including, but not limited to, some or all of the following:

The distinctive designation of such series and the number of shares which shall constitute such series, which number may be increased (except where otherwise provided by the Board in creating such series) or decreased (but not below the number of shares thereof then outstanding) from time to time by resolution of the Board;
The rate and manner of payment of dividends payable on shares of such series, including the dividend rate, date of declaration and payment, whether dividends shall be cumulative, and the conditions upon which and the date from which such dividends shall be cumulative;
Whether shares of such series shall be redeemed, the time or times when, and the price or prices at which, shares of such series shall be redeemable, the redemption price, the terms and conditions of redemption, and the sinking fund provisions, if any, for the purchase or redemption of such shares;
The amount payable on shares of such series and the rights of holders of such shares in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company;
The rights, if any, of the holders of shares of such series to convert such shares into, or exchange such shares for, shares of common stock, other securities, or shares of any other class or series of preferred stock and the terms and conditions of such conversion or exchange;
The voting rights, if any, and whether full or limited, of the shares of such series, which may include no voting rights, one vote per share, or such higher number of votes per share as may be designated by the Board; and
The preemptive or preferential rights, if any, of the holders of shares of such series to subscribe for, purchase, receive, or otherwise acquire any part of any new or additional issue of stock of any class, whether now or hereafter authorized, or of any bonds, debentures, notes, or other securities of the Company, whether or not convertible into shares of stock with the Company.

All shares of preferred stock offered hereby will, when issued, be fully paid and nonassessable, including shares of preferred stock issued upon the exercise of preferred stock warrants or subscription rights, if any.

 

Although our Board has no intention at the present time of doing so, it could authorize the issuance of a series of preferred stock that could, depending on the terms of such series, impede the completion of a merger, tender offer or other takeover attempt.

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DESCRIPTION OF DEBT SECURITIESWARRANTS

 

The following description,We may issue warrants for the purchase of Common Stock and/or preferred stock in one or more series. We may issue warrants independently or together with Common Stock and/or preferred stock and the additional information we include in any applicable prospectus supplements, summarizes the material terms and provisions of the debt securities that wewarrants may offer under this prospectus.be attached to or separate from these securities. While the terms we have summarized below will apply generally to any future debt securitieswarrants that we may be offered under this prospectus,offer, we will describe the particular terms of any debt securities that may be offeredseries of warrants in more detail in the applicable prospectus supplement. If we indicate in a prospectus supplement, theThe terms of any debt securitieswarrants offered under thata prospectus supplement may differ from the terms we describedescribed below.

 

Senior notesWe will be issued under a senior indenture, and subordinated notes will be issued under a subordinated indenture. Each indenture for debt securities issued by us will be entered into between us and a trustee to be named in such indenture. Forms of the senior indenture and the subordinated indenture will be filedfile as exhibits to an amendment to the registration statementRegistration Statement of which this prospectus formsis a part. We usepart, or will incorporate by reference from reports that we file with the term “indentures” to refer to bothSEC, the senior indenture andform of warrant agreement, including a form of warrant certificate, that describes the subordinated indenture. The indentures will be qualified underterms of the Trust Indenture Actparticular series of 1939, orwarrants we are offering before the Trust Indenture Act. We useissuance of the term “trustee” to refer to either the trustee under the senior indenture or the trustee under the subordinated indenture, as applicable.

related series of warrants. The following summaries of material provisions of senior notes, subordinated notesthe warrants and the indentureswarrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of the indenturewarrant agreement and warrant certificate applicable to athe particular series of debt securities. Except aswarrants that we may otherwise indicate,offer under this prospectus. We urge you to read the applicable prospectus supplements related to the particular series of warrants that we may offer under this prospectus, as well as any related free writing prospectuses, and the complete warrant agreements and warrant certificates that contain the terms of the senior indenture and the subordinated indenture are identical.warrants.

 

General

 

If we decide to issue any senior notes or subordinated notes pursuant to this prospectus, weWe will describe in athe applicable prospectus supplement the terms of the series of notes, including the following:warrants being offered, including:

 

 the title;
any limit on the amount that may be issued;
whether or not we will issue the seriesoffering price and aggregate number of notes in global form, and, if so, who the depository will be;warrants offered;
   
 the maturity date;currency for which the warrants may be purchased;

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if applicable, the designation and terms of the securities with which the warrants are issued and the number of warrants issued with each such security or each principal amount of such security;
   
 if applicable, the annual interest rate,date on and after which may be fixed or variable, or the method for determining the ratewarrants and the date interest will begin to accrue, the dates interestrelated securities will be payable and the regular record dates for interest payment dates or the method for determining such dates;separately transferable;
   
 whetherin the case of warrants to purchase Common Stock or notpreferred stock, the notes willnumber of shares of Common Stock or preferred stock, as the case may be, secured or unsecured,purchasable upon the exercise of one warrant and the terms of any secured debt;price at which these shares may be purchased upon such exercise;

 whetherthe effect of any merger, consolidation, sale or notother disposition of our business on the notes will be senior or subordinated;warrant agreements and the warrants;
   
 the terms of any rights to redeem or call the subordinationwarrants;
any provisions for changes to or adjustments in the exercise price or number of any seriessecurities issuable upon exercise of subordinated debt;the warrants;
   
 the place where paymentsdates on which the right to exercise the warrants will be payable;
our right, if any, to defer payment of interestcommence and the maximum length of any such deferral period;expire;
   
 the date, if any, aftermanner in which the warrant agreements and the price at which, wewarrants may at our option, redeem the series of notes pursuant to any optional redemption provisions;

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the date, if any, on which, and the price at which we are obligated, pursuant to any mandatory sinking fund provisions or otherwise, to redeem, or at the holder’s option to purchase, the series of notes;
whether the indenture will restrict our ability to pay dividends, or will require us to maintain any asset ratios or reserves;
whether we will be restricted from incurring any additional indebtedness;modified;
   
 a discussion of any material or special U.S.United States federal income tax considerations;consequences of holding or exercising the warrants;
   
 the denominations in which we will issueterms of the seriessecurities issuable upon exercise of notes, if other than denominations of $1,000 and any integral multiple thereof;the warrants; and
   
 any other specific terms, preferences, rights or limitations of or restrictions on the debt securities.warrants.

  

Conversion or Exchange Rights

We will set forth in the applicable prospectus supplement the terms on which a series of debt securities may be convertible into or exchangeable for common stock or other securities of ours. Any convertible debt securities that may be offered shall be convertible only into the common stock or preferred stock of the Company. We will include provisions as to whether conversion or exchange is mandatory, at the option of the holder or at our option. We may include provisions pursuant to which the number of shares of common stock or other securities of ours that theBefore exercising their warrants, holders of the series of debt securities receive would be subject to adjustment.

Consolidation, Merger or Sale

The indentureswarrants will not containhave any covenant that restricts our ability to merge or consolidate, or sell, convey, transfer or otherwise dispose of all or substantially all of our assets. However, any successor to or acquirer of such assets must assume all of our obligations under the indentures or the debt securities, as appropriate.

Events of Default Under the Indentures

The following are events of default under the indentures with respect to any series of debt securities that we may issue:

if we fail to pay interest when due and our failure continues for 90 days and the time for payment has not been extended or deferred;
if we fail to pay the principal, or premium, if any, when due and the time for payment has not been extended or delayed;
if we fail to observe or perform any other covenant contained in the notes or the indentures, other than a covenant specifically relating to another series of notes, and our failure continues for 90 days after we receive notice from the trustee or holders of at least 25% in aggregate principal amount of the outstanding notes of the applicable series; and
if we experience specified events of bankruptcy, insolvency or reorganization.

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If an event of default with respect to debt securities of any series occurs and is continuing, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series, by notice to us in writing, and to the trustee if notice is given by such holders, may declare the unpaid principal of, or premium, if any, on and accrued interest, if any, on the debt securities due and payable immediately.

If an event of default with respect to debt securities of any series occurs and is continuing, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding notes of that series, by notice to us in writing, and to the trustee if notice is given by such holders, may declare the unpaid principal of, or premium, if any, on and accrued interest, if any, on the notes due and payable immediately.

The holders of a majority in principal amount of the outstanding debt securities of an affected series may waive any default or event of default with respect to the series and its consequences, except uncured defaults or events of default regarding payment of principal, or premium, if any, or interest, unless we have cured the default or event of default in accordance with the indenture. Any waiver shall cure the default or event of default.

Subject to the terms of the indentures, if an event of default under an indenture shall occur and be continuing, the trustee will be under no obligation to exercise any of its rights or powers under such indenture at the request or direction of any of the holders of the applicable series of debt securities, unless such holders have offered the trustee reasonable indemnity. The holders of a majority in principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee, or exercising any trust or power conferred on the trustee, with respect to the notes of that series,provided that:

the direction so given by the holder is not in conflict with any law or the applicable indenture; and
subject to its duties under the Trust Indenture Act, the trustee need not take any action that might involve it in personal liability or might be unduly prejudicial to the holders not involved in the proceeding.

A holder of the debt securities of any series will only have the right to institute a proceeding under the indentures or to appoint a receiver or trustee, or to seek other remedies, if:

the holder has given written notice to the trustee of a continuing event of default with respect to that series;
the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series have made written request, and such holders have offered reasonable indemnity to the trustee to institute the proceeding as trustee; and
the trustee does not institute the proceeding, and does not receive from the holders of a majority in aggregate principal amount of the outstanding debt securities of that series other conflicting directions within 60 days after the notice, request and offer.

These limitations will not not apply to a suit instituted by a holder of debt securities if we default in the payment of the principal of, or the premium, if any, or interest on, the debt securities.

We will periodically file statements with the trustee regarding our compliance with specified covenants in the indentures.

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Modification of Indenture; Waiver

We and the trustee may change an indenture without the consent of any holders with respect to specific matters, including:

to fix any ambiguity, defect or inconsistency in the indenture; or
to change anything that does not materially adversely affect the interests of any holder of notes of any series.

In addition, under the indentures, we and the trustee may change the rights of holders of a seriesthe securities purchasable upon such exercise, including in the case of debt securities withwarrants to purchase Common Stock or preferred stock, the written consent of the holders of at least a majority in aggregate principal amount of the outstanding debt securities of each series that is affected. However, we and the trustee may only make the following changes with the consent of each holder ofright to receive dividends, if any, outstanding debt securities affected:or payments upon our liquidation, dissolution or winding up or to exercise voting rights, if any.

extending the fixed maturity of the series of debt securities;
reducing the principal amount, the rate of interest or any premium payable upon the redemption of any debt securities;
reducing the minimum percentage of notes, the holders of which are required to consent to any amendment.

 

DischargeExercise of Warrants

 

Each indenturewarrant will provideentitle the holder to purchase the securities that we can elect, under specified circumstances, to be discharged from our obligations with respect to one or more series of debt securities, except for obligations to:

register the transfer or exchange of debt securities of the series;
replace stolen, lost or mutilated debt securities of the series;
maintain paying agencies;
hold monies for payment in trust;
compensate and indemnify the trustee; and
appoint any successor trustee.

In order to exercise our rights to be discharged, we must deposit with the trustee money or government obligations sufficient to pay all the principal of, any premium, if any, and interest on, the debt securities of the series on the dates payments are due.

Form, Exchange and Transfer

We will issue the debt securities of each series only in fully registered form without coupons and, unless we otherwise specify in the applicable prospectus supplement in denominations of $1,000 and any integral multiple thereof. The indentures will provideat the exercise price that we may issue notes of a series in temporary or permanent global form and as book-entry securities that will be deposited with, or on behalf of, The Depository Trust Company, New York, New York, or DTC, or another depository named by us and identified in a prospectus supplement with respect to that series. See “Legal Ownership of Securities” for a further description of the terms relating to any book-entry securities.

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At the option of the holder, subject to the terms of the indentures and the limitations applicable to global securities described in the applicable prospectus supplement, the holder of the debt securities of any series can exchange the debt securities for other debt securities of the same series, in any authorized denomination and of like tenor and aggregate principal amount.

Subject to the terms of the indentures and the limitations applicable to global securities set forth in the applicable prospectus supplement, holders of the debt securities may present the debt securities for exchange or for registration of transfer, duly endorsed or with the form of transfer endorsed thereon duly executed if so required by us or the security registrar, at the office of the security registrar or at the office of any transfer agent designated by us for this purpose. Unless otherwise provided in the debt securities that the holder presents for transfer or exchange, we will not require any payment for any registration of transfer or exchange, but we may require payment of any taxes or other governmental charges.

We will name in the applicable prospectus supplement the security registrar, and any transfer agent in addition to the security registrar, that we initially designate for any debt securities. We may at any time designate additional transfer agents or rescind the designation of any transfer agent or approve a change in the office through which any transfer agent acts, except that we will be required to maintain a transfer agent in each place of payment for the notes of each series.

If we elect to redeem the debt securities of any series, we will not be required to:

reissue, register the transfer of, or exchange any notes of that series during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of any debt securities that may be selected for redemption and ending at the close of business on the day of the mailing; or
register the transfer of or exchange any notes so selected for redemption, in whole or in part, except the unredeemed portion of any notes we are redeeming in part.

Information Concerning the Trustee

The trustee, other than during the occurrence and continuance of an event of default under an indenture, undertakes to perform only those duties as are specifically set forth in the applicable indenture. Upon an event of default under an indenture, the trustee must use the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. Subject to this provision, the trustee is under no obligation to exercise any of the powers given to it by the indentures at the request of any holder of notes unless it is offered reasonable security and indemnity against the costs, expenses and liabilities that it might incur.

Payment and Paying Agents

Unless we otherwise indicate in the applicable prospectus supplement, we will make payment of the interest on any debt securities on any interest payment date to the person in whose name the debt securities, or one or more predecessor securities, are registered at the close of business on the regular record date for the interest payment.

We will pay principal of and any premium and interest on the notes of a particular series at the office of the paying agents designated by us, except that unless we otherwise indicate in the applicable prospectus supplement, we will make interest payments by check which we will mail to the holder. We will name in the applicable prospectus supplement the paying agent9s0 that we initially designate for the notes of a particular series. We will maintain a paying agent in each place of payment for the notes of a particular series.

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All money we pay to a paying agent or the trustee for the payment of the principal of or any premium or interest on any notes which remains unclaimed at the end of two years after such principal, premium or interest has become due and payable will be repaid to us, and the holder of the security thereafter may look only to us for payment thereof.

Governing Law

The indentures and the notes will be governed by and construed in accordance with the laws of the State of New York, except to the extent that the Trust Indenture Act is applicable.

Subordination of Subordinated Notes

The subordinated debt securities will be unsecured and will be subordinate and junior in priority of payment to certain of our other indebtedness to the extent described in a prospectus supplement. The subordinated indenture will not limit the amount of subordinated debt securities that we may issue. It also will not limit us from issuing any other secured or unsecured debt.

DESCRIPTION OF WARRANTS

General

We may issue warrants to purchase shares of our common stock, preferred stock and/or debt securities in one or more series together with other securities or separately, as describeddescribe in the applicable prospectus supplement. Below is a description of certain general terms and provisionsHolders of the warrants that we may offer. Particular terms of the warrants will be described in the warrant agreements, to be filed by amendment to the registration statement of which this prospectus is a part, as applicable, and the prospectus supplement relating to the warrants.

The applicable prospectus supplement will contain, where applicable, the following terms of and other information relating to the warrants: 

the specific designation and aggregate number of, and the price at which we will issue, the warrants;

the currency or currency units in which the offering price, if any, and the exercise price are payable;

the designation, amount and terms of the securities purchasable upon exercise of the warrants;

if applicable, the exercise price for shares of our common stock and the number of shares of common stock to be received upon exercise of the warrants;

if applicable, the exercise price for shares of our preferred stock, the number of shares of preferred stock to be received upon exercise, and a description of that series of our preferred stock;

if applicable, the exercise price for our debt securities, the amount of debt securities to be received upon exercise, and a description of that series of debt securities;

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the date on which the right to exercise the warrants will begin and the date on which that right will expire or, if you may not continuously exercise the warrants throughout that period, the specific date or dates on which you may exercise the warrants;

whether the warrants will be issued in fully registered form or bearer form, in definitive or global form or in any combination of these forms, although, in any case, the form of a warrant included in a unit will correspond to the form of the unit and of any security included in that unit;

any applicable material U.S. federal income tax consequences;

the identity of the warrant agent for the warrants and of any other depositaries, execution or paying agents, transfer agents, registrars or other agents;

the proposed listing, if any, of the warrants or any securities purchasable upon exercise of the warrants on any securities exchange;

if applicable, the date from and after which the warrants and the common stock, preferred stock and/or debt securities will be separately transferable;

if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time;

information with respect to book-entry procedures, if any;

the anti-dilution provisions of the warrants, if any;

any redemption or call provisions;

whether the warrants may be sold separately or with other securities as parts of units; and

any additional terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants.

DESCRIPTION OF RIGHTS

The following description, together with the additional information we may include in any applicable prospectus supplements, summarizes the material terms and provisions of the rights that we may offer under this prospectus and the related rights agent or subscription agent agreements and rights certificates. While the terms summarized below will apply generally to any rights that we may offer, we will describe the particular terms of any series of rights in more detail in the applicable prospectus supplement. If we indicate in the prospectus supplement, the terms of any rights offered under that prospectus supplement may. differ from the terms described below. Specific rights agent or subscription agent agreements will contain additional important terms and provisions and will be incorporated by reference as an exhibit to an amendment to the registration statement, of which this prospectus forms a part.

General

We may issue rights to purchase common stock, preferred stock, warrants or debt securities. The rights may or may not be transferable by the persons purchasing or receiving the rights. In connection with any rights issuance, we may enter into a standby underwriting or other arrangement with one or more underwriters or other persons pursuant to which such underwriters or other persons would purchase any offered securities remaining unsubscribed for after such rights issuance. Rights may be issued independently or together with any of our common stock, preferred stock, warrants and/or debt securities offered by a prospectus supplement, and may be attached to or separate from those offered securities. Each series of rights will be issued under a separate rights agent or subscription agent agreement to be entered into between us and a bank or trust company, as rights agent or subscription agent, as applicable, all as further set forth in the prospectus supplement relating to the particular issue of rights. The rights agent or subscription agent will act solely as our agent in connection with the rights and will not assume any obligation or relationship of agency or trust for or with any holders of rights certificates or beneficial owners of rights. A copy of the form of rights certificate representing a series of rights, will be filed with the SEC in connection with the offering of a particular series of rights.

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Terms

The prospectus supplement relating to a particular issue of rights to purchase our common stock, preferred stock, warrants and/or debt securities will describe the terms of those rights, which may include, without limitation, one or more of the following:

the date of determining the security holders entitled to the rights distribution;

the aggregate number of rights issued and the aggregate number of shares of common stock, preferred stock, warrants and/or debt securities purchasable upon exercise of the rights;

the exercise price;

the conditions to completion of the rights offering;

the date on which the right to exercise the rights will commence and the date on which the rights will expire; and

a discussion of any material U.S. federal income tax considerations.

Exercise of Rights

Each right would entitle the holder of the right to purchase at the exercise price set forth in the applicable prospectus supplement the number of shares of common stock, preferred stock, warrants and/or debt securities being offered. Holders may exercise rights at any time up to the close of businessspecified time on the expiration date that we set forth in the applicable prospectus supplement. After the close of business on the expiration date, unexercised rightswarrants will become void.

Holders of the warrants may exercise the warrants by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required amount to the Company in immediately available funds, as provided in the applicable prospectus supplement. We will set forth in the warrant certificate and in the applicable prospectus supplement the information that the holder of the warrant will be void. Holders may exercise rights as described in the prospectus supplement relatingrequired to deliver to the rights being issued. Company for warrant exercise.

If lessfewer than all of the rights issued in any rights offeringwarrants represented by the warrant certificate are exercised, then we may offer any unsubscribed securities directly to persons other than our security holders, to or through agents, underwriters or dealers or throughwill issue a combinationnew warrant certificate for the remaining amount of such methods, including pursuant to standby arrangements, as describedwarrants. If we so indicate in the applicable prospectus supplement.

Until a holder exercisessupplement, holders of the rights to purchase shares of our common stock, preferred stock, warrants and/or debt securities, the holder will not have any rights as a holder of shares of our common stock, preferred stock, warrants and/or debtmay surrender securities as the case may be, by virtue of ownershipall or part of the rights.exercise price for warrants.

 

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DESCRIPTION OF UNITS

 

The following description, together with the additional information we may include in any applicable prospectus supplements, summarizes the material terms and provisions of the units that we may offer under this prospectus. While the terms summarized below will apply generally to any units that we may offer, we will describe the particular terms of any series of rights in more detailAs specified in the applicable prospectus supplement.We will file by amendment to the registration statement of which this prospectus is a part or incorporate by reference from reports thatsupplement, we file with the SEC, the form of unit agreement that describes the terms of the series of units we are offering, and any supplemental agreements, before the issuance of the related series of units. If we indicate in the prospectus supplement, the terms of any units offered under that prospectus supplement may differ from the terms described below.

We may issue, in one more series, units consisting of one or more debt securities, shares of common stock, shares ofCommon Stock, preferred stock and/or warrants for the purchase of Common Stock and/or rights orpreferred stock in any combination of such securities under this prospectus.combination. The specific terms and conditions of the unitsapplicable prospectus supplement will be described in a supplement to this prospectus which may include, without limitation, one or more of the following:describe:

 

the title of the series of units;

the identification and description of the separate securities comprising the units;

the price or prices at which the units will be issued;

the date, if any, on and after which the securities comprising the units, will be separately transferrable;including whether and

any other material terms of the units and under what circumstances the securities comprising suchthe units may be separately traded;
the terms and conditions applicable to the units, including a description of the terms of any applicable unit agreement governing the units; and
a description of the provisions for the payment, settlement, transfer or exchange of the units.

  

PLAN OF DISTRIBUTION

 

WeThe securities covered by this prospectus may sell ourbe offered and sold from time to time pursuant to one or more of the following methods:

through agents;

to or through underwriters;

to or through broker-dealers (acting as agent or principal);

in “at the market offerings” within the meaning of Rule 415(a)(4) of the Securities Act, to or through a market maker or into an existing trading market, on an exchange, or otherwise;

directly to purchasers, through a specific bidding or auction process or otherwise; or

through a combination of any such methods of sale.

Agents, underwriters or broker-dealers may be paid compensation for offering and selling the securities. That compensation may be in the form of discounts, concessions or commissions to be received from us, from the purchasers of the securities or from both us and the purchasers. Any underwriters, dealers, agents or other investors participating in the distribution of the securities may be deemed to be “underwriters,” as that term is defined in the Securities Act, and compensation and profits received by them on sale of the securities may be deemed to be underwriting commissions, as that term is defined in the rules promulgated under the Securities Act.

Each time securities are offered by this prospectus, the prospectus supplement, if required, will set forth:

the name of any underwriter, dealer or agent involved in the offer and sale of the securities;

the terms of the offering;

any discounts concessions or commissions and other items constituting compensation received by the underwriters, broker-dealers or agents;

any over-allotment option under which any underwriters may purchase additional securities from us; and

any initial public offering price.

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The securities may be sold at a fixed price or prices, which may be changed, at market prices prevailing at the time of sale, at prices relating to the prevailing market prices or at negotiated prices. The distribution of securities may be effected from time to time in one or more transactions, by means of one or more of the following transactions, which may include cross or block trades:

transactions on the NASDAQ Global Market or any other organized market where the securities may be traded;

in the over-the-counter market;

in negotiated transactions;

under delayed delivery contracts or other contractual commitments; or

a combination of such methods of sale.

If underwriters are used in a sale, securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions. WeOur securities may sell our securitiesbe offered to orthe public either through agents, underwriters, dealers, remarketing firms or other third parties or directly tounderwriting syndicates represented by one or more purchasersmanaging underwriters or through a combination of any of these methods. In some cases, we and/directly by one or dealersmore firms acting with us or on behalf of us may also purchase our securities and reoffer them to the public. We may also offer and sell, or agree to deliver, our securities pursuant to, or in connection with, any option agreement or other contractual arrangement. The securities may or may not be listed on a national securities exchange.

Agents whom we designate may solicit offers to purchase our securities.

We will name any agent involved in offering or selling our securities, and disclose any commissions that we will pay to the agent, in the applicable prospectus supplement.

Unless we indicate otherwise in the applicable prospectus supplement, agents will act on a best efforts basis for the period of their appointment.

Agents may be deemed to be underwriters under the Securities Act, of any of our securities that they offer or sell.

We may useas underwriters. If an underwriter or underwriters are used in the offersale of securities, an underwriting agreement will be executed with the underwriter or underwriters at the time an agreement for the sale is reached. This prospectus and the prospectus supplement will be used by the underwriters to resell the shares of our securities.

 

If we use an underwriter or underwriters, we will execute an underwriting agreement with the underwriter or underwriters at the time that we reach an agreement for the sale of our securities.

We will include the names of the specific managing underwriter or underwriters, as well as the names of any other underwriters, and the terms of the transactions, including the compensation the underwriters and dealers will receive, in the applicable prospectus supplement.

The underwriters will use the applicable prospectus supplement, together with the prospectus, to sell our securities.

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We may use a dealer to sell our securities.

If we use a dealer, we will sell our securities to the dealer, as principal.

The dealer will then sell our securities to the public at varying prices that the dealer will determine at the time it sells our securities.

We will include the name of the dealer and the terms of the transactions with the dealer in the applicable prospectus supplement.

We may solicit directly offers to purchase our securities, and we may directly sell our securities to institutionalIn compliance with the guidelines of the Financial Industry Regulatory Authority, or “FINRA,” the aggregate maximum discount, commission or agency fees or other investors. Weitems constituting underwriting compensation to be received by any FINRA member or independent broker-dealer will describenot exceed 8% of the terms of direct sales in theoffering proceeds from any offering pursuant to this prospectus and any applicable prospectus supplement.

 

We may engageIf 5% or more of the net proceeds of any offering of our securities made under this prospectus will be received by a FINRA member participating in at-the-market offerings into an existing trading marketthe offering or affiliates or associated persons of such FINRA member, the offering will be conducted in accordance with FINRA Rule 415(a)(4) of the Securities Act.5121.

 

WeTo comply with the securities laws of certain states, if applicable, the securities offered by this prospectus will indemnify agents, underwritersbe offered and dealers against certain liabilities, including liabilities under the Securities Act. sold in those states only through registered or licensed brokers or dealers.

Agents, underwriters and dealers may be entitled under agreements entered into with us to indemnification by us against specified liabilities, including liabilities incurred under the Securities Act, or to contribution by us to payments they may be required to make in respect of such liabilities. The prospectus supplement will describe the terms and conditions of such indemnification or contribution. Some of the agents, underwriters or dealers, or their respective affiliates may be customers of, engage in transactions with or perform services for us or our respective affiliates in the ordinary course of business. We will describe in the prospectus supplement naming the underwriter the nature of any such relationship.

 

We may authorize agents and underwriters to solicit offers by certain institutions to purchase our securities the public offering price under delayed delivery contracts.

If we use delayed delivery contracts, we will disclose that we are using them in the prospectus supplement and will tell you when we will demand payment and when delivery of our securities will be made under the delayed delivery contracts.

These delayed delivery contracts will be subject only to the conditions that we describe in the prospectus supplement.

We will describe in the applicable prospectus supplement the commission that underwriters and agents soliciting purchases of our securities under delayed delivery contracts will be entitled to receive.

Unless otherwise specified in connection with a particular underwritten offering of our securities, the underwriters will not be obligated to purchase offered securities unless specified conditions are satisfied, and if the underwriters do purchase any offered securities, they will purchase all offered securities.

In connection with underwritten offerings of the offered securities and in accordance with applicable law and industry practice, the underwriters in certain circumstances are permitted to engage in certain transactions that stabilize the price of our securities. Such transactions consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of our securities. If the underwriters create a short position in our securities in connection with the offering (i.e., if they sell more securities than are set forth on the cover page of the applicable prospectus supplement), the underwriters may reduce that short position by purchasing our securities in the open market or as otherwise provided in the applicable prospectus supplement. The underwriters may also impose a penalty bid, whereby selling concessions allowed to dealersCertain persons participating in the offering may be reclaimed ifengage in over-allotment, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation M under the securities sold by them are repurchased in connection with stabilization transactions. In general, purchasesExchange Act. We make no representation or prediction as to the direction or magnitude of a security for the purpose of stabilization or to reduce a short position could causeany effect that such transactions may have on the price of the security to be higher than it might be in the absence of such purchases. The imposition ofsecurities. For a penalty bid might also have an effect on the price of our securities to the extent that it were to discourage resales of our securities. The underwriters are not required to engage in these activities and may end anydescription of these activities, at any time.

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We may effect sales of securities in connection with forward sale, option or other types of agreements with third parties. Any distribution of securities pursuant to any forward sale agreement may be effected from time to time in one or more transactions that may take place through a stock exchange, including block trades or ordinary broker’s transactions, or through broker-dealers acting either as principal or agent, or through privately-negotiated transactions, or through an underwritten public offering, or through a combination of any such methods of sale, at market prices prevailing atsee the time of sale, prices relating to such prevailing market prices or at negotiated or fixed prices.

The specific terms ofinformation under the lock-up provisions, if any, in respect of any given offering will be describedheading “Underwriting” in the applicable prospectus supplement.

 

INTERESTS OF NAMED EXPERTS AND COUNSELLEGAL MATTERS

 

The validity of the securities offered in this prospectus will be passed upon for us by Garvey Schubert Barer, P.C.

EXPERTS

Our consolidated financial statements of SkyPeople Fruit Juice, Inc. appearing in SkyPeople Fruit Juice, Inc.'sour Annual Report (Form 10-K)on Form 10-K for the yearyears ended December 31, 20142017 and 2016 have been audited by Armanino LLP.Wang Certified Public Accountant, P.C.,an independent registered public accounting firm, as set forth in their report, thereon,and are included therein, and incorporated herein by reference. The consolidated financial statements of SkyPeople Fruit Juice, Inc. appearing in SkyPeople Fruit Juice, Inc.'s Annual Report (Form 10-K) for the year ended December 31, 2013 have been audited by Paritz & Company, P.A., an independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance uponon such report given on the authority of such firmssaid firm as experts in accountingauditing and auditing.

CKR Law LLP has provided an opinion on the validity of the securities being offered pursuant to this prospectus.

No expert named in the registration statement of which this prospectus forms a part as having prepared or certified any part thereof (or is named as having prepared or certified a report or valuation for use in connection with such registration statement) or counsel named in this prospectus as having given an opinion upon the validity of the securities being offered pursuant to this prospectus or upon other legal matters in connection with the registration or offering such securities was employed for such purpose on a contingency basis. Also at the time of such preparation, certification or opinion or at any time thereafter, through the date of effectiveness of such registration statement or that part of such registration statement to which such preparation, certification or opinion relates, no such person had, or is to receive, in connection with the offering, a substantial interest, direct or indirect, in our company or any of its parents or subsidiaries. Nor was any such person connected with our company or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer or employee.accounting.

  

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INCORPORATION OF CERTAIN INFORMATIONDOCUMENTS BY REFERENCE

 

We are incorporatingThe SEC allows us to “incorporate by reference specified documents thatreference” the information we file with the SEC, whichthem into this prospectus. This means that we can disclose important information about us and our financial condition to you by referring you to those documents that areanother document filed separately with the SEC instead of having to repeat the information in this prospectus. The information incorporated by reference is considered to be part of this prospectus. We incorporate by reference into this prospectus the documents listed below and any documentslater information that we subsequently file with the SEC pursuant to Sectionwill automatically update and supersede this information. This prospectus incorporates by reference any future filings made with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, between the date of the initial registration statement and prior to effectiveness of the termination of this offering; provided, however,registration statement and the documents listed below that we are not incorporating any information furnished but nothave previously filed under Item 2.02 or Item 7.01 of a Current Report on Form 8-K:with the SEC:

 

 our Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed March 31, 2015;2017;

 our Quarterly ReportCurrent Reports on Form 10-Q for the quarter ended March 31, 2015,Forms 8-K filed on January 8, 2018; January 11, 2018; January 25, 2018; March 13, 2018; March 16, 2018; and May 15, 2015;1, 2018;

our Definitive Proxy on Schedule 14A filed on January 19, 2018, as supplemented on January 24, 2018; and
 the description of our common stock in our Form 8-A, filed April 19, 2010 pursuant to Section 12(b) of the Exchange Act, which incorporates by reference the description of the shares of our common stock contained in our Registration Statement on Form S-1 (File No. 333-159959) filed on June 12, 2009 and declared effective by the SEC on July 23, 2009, and any amendment or report filed with the SEC for purposes of updating such description.

 

All reports and otherWe also incorporate by reference all documents subsequently filed by usthat we file with the SEC on or after the effective time of this prospectus pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act and prior to the filingsale of a post-effective amendment which indicates that all the securities offered hereby have been soldregistered hereunder or which deregisters all securities then remaining unsold,the termination of the registration statement. Nothing in this prospectus shall be deemed to be incorporated by reference herein and to be a part hereof fromincorporate information furnished but not filed with the date of the filing of such reports and documents. SEC.

Any statement contained in this prospectus or in a document incorporated or deemed to be incorporated by reference intoin this prospectus willshall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained herein or in thisthe applicable prospectus supplement or in any other subsequently filed document thatwhich also is or is deemed to be incorporated by reference into this prospectus modifies or supersedes the statement. Any statement so modified or superseded willshall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.

 

Any person, including any beneficial owner, to whom this prospectus is delivered may request copies of this prospectus and any of the documents incorporated by reference in this prospectus, without charge, by written or oral request directed to SkyPeople Fruit Juice,Future FinTech Group Inc., Attention: Investor Relations Department, 16F, China23F, National Development Bank Tower No. 2, Gaoxin 1st Road, Xi’an, PRC 710075, telephone 86-29-88377161(86-29) 8837-7216, or from the SEC through the SEC’s website at the web address provided below.

 

Statements contained in this prospectus as to the contents of any contract or other documents are not necessarily complete, and in each instance you are referred to the copy of the contract or other document filed as an exhibit to the registration statement or incorporated herein, each such statement being qualified in all respects by such reference and the exhibits and schedules thereto.

WHERE YOU CAN FIND MORE INFORMATION

This prospectus is part of a registration statement on Form S-3 that we filed with the SEC registering the securities that may be offered and sold hereunder. The registration statement, including exhibits thereto, contains additional relevant information about us and these securities that, as permitted by the rules and regulations of the SEC, we have not included in this prospectus. A copy of the Registration Statement can be obtained at the address set forth below or at the SEC’s website as noted below. You should read the registration statement, including any applicable prospectus supplement, for further information about us and these securities.

We file annual, and quarterly reports,and current reports, on Form 8-Kproxy statements and proxy statementsother information with the SEC. TheOur SEC filings are available to the public over the Internet at the SEC's website at http:/www.sec.gov. You may also read and copy any materialsdocument we file with the SEC at the SEC's Public Reference Room atpublic reference room, 100 F Street, N.E., Washington, DCD.C. 20549. The public may obtainPlease call the SEC at 1-800-SEC-0330 for further information on the operation of the Public Reference Room by callingpublic reference room. Because our Common Stock is listed on the SEC at 1-800-SEC-0330. The SEC maintains an Internet site (http://www.sec.gov) that containsNASDAQ Global Market, you may also inspect reports, proxy and information statements and other information regarding issuers that file electronically withat the SEC.

We have filed a registration statement on Form S-3 with the SEC for the securities we are offering by this Prospectus. This Prospectus does not include alloffices of the information contained in the registration statement. You should refer to the registration statement and its exhibits for additional information.NASDAQ Global Market. 

  

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$100,000,000

Common Stock

Preferred Stock

Debt Securities

Warrants

Rights

Units

 

SkyPeople Fruit Juice, Inc.


PROSPECTUS


August __, 2015

 13
Table of Contents

 

PART II: II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 14. Other Expenses of Issuance and Distribution

Item 14.Other Expenses of Issuance and Distribution.

 

The following table sets forth theall expenses payable by us in connection with the issuance and distributionoffering of theour securities being registered hereunder.hereby. All of the amounts shown are estimates except for the Securities and Exchange CommissionSEC registration fees.fee. 

 

Registration fee$9,960 
    
Legal fees and expenses * 
    
Accounting fees and expenses * 
    
Printing and miscellaneous expenses * 
    
Total expenses$* 

EXPENSE AMOUNT 
    
SEC Registration fee $11,620.00 
Accounting fees and expenses $5,000.00 
Legal fees and expenses $30,000.00 
Miscellaneous $- 
Total $46,620.00 
*Estimated expenses are presently not known and cannot be estimated.

Item 15. Indemnification of Directors and Officers

Item 15.Indemnification of Directors and Officers.

 

The Florida Business Corporation Act provides that a person who is successful on the merits or otherwise in defense of an action because of service as an officer or director of a corporation, is entitled to indemnification of expenses actually and reasonably incurred in such defense.

 

Such act also provides that the corporation may indemnify an officer or director and advance expenses if such person acted in good faith and in a manner the person reasonably believed to be in, or not opposed to, the best interests of the corporation and, with respect to a criminal action, had no reasonable cause to believe his conduct was unlawful.

 

A court may order indemnification of an officer or director if it determines that such person is fairly and reasonably entitled to such indemnification in view of all the relevant circumstances.

 

Article VIII of our amendedSecond Amended and restated articlesRestated Articles of incorporationIncorporation, as amended, authorizes us, among other things, to indemnify our officers, directors, employees or agents against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by them in connection with certain actions, suits or proceedings if they acted in good faith and in a manner in which they reasonably believed to be in or not opposed to our best interests and, with respect to any criminal action or proceeding, have no reasonable cause to believe their conduct was unlawful. Article VII of our bylawsAmended and Restated Bylaws authorizes us to indemnify our officers and directors to the fullest extent authorized or permitted by the Florida Business Corporation Act.

 

Our bylawsBylaws provide that we will indemnify our directors and officers from liabilities incurred by them in connection with actions, suits or proceedings in which they are involved by reason of their acting as our directors and officers.

 

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by our director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed hereby in the Securities Act and we will be governed by the final adjudication of such issue.

 

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Item 16. Exhibits

Item 16.Exhibits.

 

The following exhibits are filed as part of this Registration Statement.

In reviewingSee the agreements included or incorporated by reference as exhibitsExhibit Index attached to this Registration Statement on Form S-3, please remember that, while these exhibits constitute public disclosure under the federal securities laws, they are included to provide you with information regarding their termsregistration statement and are not intended to provide any other factual or disclosure information about the Company or the other parties to the agreements. The agreements may contain representations and warrantiesincorporated herein by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the parties to the applicable agreement and:reference.

 

Item 17.should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

may apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and

were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.Undertakings.

 

Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. Additional information about the Company may be found elsewhere in this Registration Statement on Form S-3 and the Company’s other public filings, which are available without charge through the SEC’s website athttp://www.sec.gov.The undersigned Registrant hereby undertakes:

 

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Exhibit No. 

SEC

Report

Reference

No.

 Description
     
1.1 * Form of Underwriting Agreement.
     
2.1 2.1 

Share Exchange Agreement, dated as of February 22, 2008 by and among Pacific Industry Holding Group Co., Ltd., “Pacific,” Terrence Leong, SkyPeople Fruit Juice, Inc., the “Registrant,” and the shareholders of Pacific. Incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K filed with the Commission on February 28, 2008, the “February 28, 2008 8-K”. 

4.6*Form of Certificate of Designation with respect to Preferred Stock.
4.7*Form of Senior Debt Security.
4.8*Form of Subordinated Debt Security.
4.9*Form of Senior Indenture.

4.10*Form of Subordinated Indenture.
4.11*Form of Warrant Agreement and Warrant Certificate.
4.12*Form of Rights Agreement and Right Certificate.
4.13*Form of Unit Agreement and Unit.
5.1**Legal Opinion of CKR Law LLP.
23.1**Consent of Armanino LLP.
23.2**Consent of Paritz & Company, P.A.
23.2**Consent of CKR Law LLP (included in Exhibit 5.1).
24.1**Power of Attorney (included on the signature page hereto).

*(1) To be subsequently filed, if applicable, by anfile, during any period in which offers or sales are being made, a post-effective amendment to this registration statement or by a current report on Form 8-K.statement:

 

** Filed herewith.(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

 

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(ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

Item 17. Undertakings(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

 

The undersigned registrant hereby undertakes:

1.To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

i)To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;

ii)To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

iii)To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

provided, however, that the undertakings set forth in paragraphs(1)paragraphs (1)(i), (1)(ii) and (1)(iii) above do not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the registrantRegistrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act that are incorporated by reference in thethis registration statementsstatement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.

(2) That, for the purposes of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4) That, for the purpose of determining liability under the Securities Act to any purchaser:

(i) Each prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

  

2.That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

3.To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering; and

4.That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

i)Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

ii)Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; and

 

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5.That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; (ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; (iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and (iv) any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(5) That, for the purpose of determining liability of a Registrant under the Securities Act to any purchaser in the initial distribution of the securities:

  

6.That, for purposes of determining any liability under the Securities Act of 1933, as amended, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;

(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and

(iv) any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.

(6) The undersigned Registrant hereby undertakes that:

(i) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(ii) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrantRegistrant pursuant to the foregoingindemnification provisions described herein, or otherwise, the registrantRegistrant has been advised that in the opinion of the Securities and Exchange CommissionSEC such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrantRegistrant of expenses incurred or paid by a director, officer or controlling person of the registrantRegistrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrantRegistrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statementregistration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Xi’an Province of Shaanxi, PRC,China, on August 13, 2015.May 4, 2018.

 

 SKYPEOPLE FRUIT JUICE,FUTURE FINTECH GROUP INC.
   
 By:/s/Yongke Xue
 Yongke Xue
 

Chairman of the Board of Directors and

Chief Executive officer and DirectorOfficer

 (Principal Executive Officer)
Date:  August 13, 2015

 

Power of AttorneySIGNATURES AND POWER OF ATTORNEY

 

EachKNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Yongke Xue who may act without the joinder of the other,and Hanjun Zheng, jointly and severally, as his or her true and lawful attorneys-in-fact, and agents, with full power of substitution and resubstitution,in each, for him or her and in his or her name, place and stead, in any and all capacities to sign any and all amendments (including post-effective amendments) to this Registration Statement andregistration statement on Form S-3, including, without limitation, any Registration Statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, as amended,post-effective amendments thereto, and to file the same, with all exhibits thereto and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or would do in person, hereby ratifying and confirming all that each of said attorneys-in fact and agents or any of them or theirattorneys-in-fact, or his or her substitute andor substitutes, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Name and Title Date
   
/s/ Yongke Xue  
Yongke Xue, May 4, 2018

Chairman of the Board of Directors and

Chief Executive Officer and Chairman of Board of Directors

(principal executive officer)

 August 13, 2015
/s/ Hanjun Zheng
Hanjun Zheng,May 4, 2018
Interim Chief Financial Officer

(principal financial officer and

accounting officer)

   
/s/ Hongke Xue  
Hongke Xue,
Director August 13, 2015  
/s/ Xin Ma
Xin Ma
Chief Financial Officer
(principal financial officer and accounting officer)August 13, 2015
/s/ Guolin Wang
Guolin Wang, DirectorAugust 13, 2015May 4, 2018
   
/s/ Johnson Lau  
Johnson Lau, Director August 13, 2015May 4, 2018
   
/s/ Fuyou Li  
Fuyou Li, Director August 13, 2015May 4, 2018
17

EXHIBIT INDEX

Exhibit
Number
Description
3.1Second Amended and Restated Articles of Incorporation, dated June 6, 2017. Incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed with the Commission on June 9, 2017.
3.2Amended and Restated Bylaws, dated June 6, 2017. Incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed with the Commission on June 9, 2017.
3.3Articles of Amendment to the Articles of Incorporation of the Registrant filed with the Department of State of Florida on March 10, 2016. Incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed with the Commission on March 15, 2016.
3.4Articles of Amendment to the Articles of Incorporation of the Registrant filed with the Department of State of Florida on March 14, 2018. Incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed with the Commission on March 16, 2018.
4.1Form of Warrant Agreement, including form of Warrant.*
4.2Form of Unit Agreement.*
5.1Opinion of Garvey Schubert Barer.**
23.1Consent of Independent Registered Accounting Firm.**
23.3Consent of Garvey Schubert Barer (included in legal opinion filed as Exhibit 5.1).**
24.1Powers of Attorney (included on signature page).**

*To be filed by amendment or as an exhibit to a report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended and incorporated herein by reference.

**Filed herewith.

 

 

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18