Next Technology Completes Asset Acquisition/Disposition
Ticker: NXTT · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1784970
Sentiment: neutral
Topics: acquisition, asset-disposition, corporate-action, name-change
Related Tickers: NXTT
TL;DR
Next Tech (fka WeTrade) just closed an asset deal, filing an 8-K. Big changes ahead?
AI Summary
Next Technology Holding Inc. (formerly WeTrade Group Inc.) filed an 8-K on April 19, 2024, reporting the completion of an acquisition or disposition of assets. The company, incorporated in Wyoming with its principal business address in Shenzhen, China, previously changed its name from WeTrade Group Inc. on April 2, 2024. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant corporate event involving the acquisition or sale of assets, which could impact the company's future operations and financial structure.
Risk Assessment
Risk Level: medium — The filing pertains to a material event (asset acquisition/disposition) which inherently carries business and financial risks.
Key Players & Entities
- Next Technology Holding Inc. (company) — Filer
- WeTrade Group Inc. (company) — Former company name
- April 19, 2024 (date) — Date of report
- April 2, 2024 (date) — Date of name change
- Wyoming (jurisdiction) — State of incorporation
- Shenzhen, China (location) — Business address
FAQ
What specific assets were acquired or disposed of by Next Technology Holding Inc.?
The filing does not specify the exact assets involved in the acquisition or disposition, only that the event has been completed.
When did Next Technology Holding Inc. officially change its name from WeTrade Group Inc.?
The company's name was changed from WeTrade Group Inc. to Next Technology Holding Inc. on April 2, 2024.
What is the primary business of Next Technology Holding Inc. according to its SIC code?
Next Technology Holding Inc. is classified under SIC code 7374, which is 'SERVICES-COMPUTER PROCESSING & DATA PREPARATION'.
Where is Next Technology Holding Inc. primarily located?
The company's principal business address is located in Shenzhen, China.
What type of SEC filing is this and what does it report?
This is a Form 8-K, a current report filed to announce major corporate events, specifically the completion of an acquisition or disposition of assets.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-04-19 14:29:38
Key Financial Figures
- $6,698 — pleted at a per share purchase price of $6,698, for an aggregate purchase price of $13
- $13,396,000 — 698, for an aggregate purchase price of $13,396,000. The Purchase Price was paid by issuing
- $3.4 — Company at an agreed-upon valuation of $3.4 per share. Purpose and Expected Benefi
Filing Documents
- nxtt_8k.htm (8-K) — 36KB
- 0001099910-24-000193.txt ( ) — 210KB
- nxtt-20240419.xsd (EX-101.SCH) — 3KB
- nxtt-20240419_lab.xml (EX-101.LAB) — 33KB
- nxtt-20240419_pre.xml (EX-101.PRE) — 22KB
- nxtt_8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.4 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Next Technology Holding Inc. By: /s/ Liu Wei Hong Name: Wei Hong Liu Title: Chief Executive Officer Dated: April 19th, 2024