Next Technology Holding Inc. Files 8-K for Material Agreement

TL;DR

Next Tech (NXT) filed an 8-K for a material definitive agreement - big news incoming.

AI Summary

On September 24, 2024, Next Technology Holding Inc. entered into a material definitive agreement. The company, formerly known as WeTrade Group Inc., filed an 8-K to report this event and other related disclosures. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant business development for Next Technology Holding Inc., potentially impacting its operations and future strategy.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not yet detailed in the provided text.

Key Players & Entities

• Next Technology Holding Inc. (company) — Filer
• WeTrade Group Inc. (company) — Former company name
• September 24, 2024 (date) — Date of earliest event reported
• 0001784970 (company) — Central Index Key

FAQ

Key Financial Figures

• $30,000 — rom the Seller at a purchase price of US$30,000 per BTC over a 12-month period. Shortly
• $3.75 — on stock (the "Common Stock") valued at $3.75 per share and (ii) warrants to purchase
• $2.6 — e Common Stock at the exercise price of $2.6 per share. However, due to market fluc
• $12,125,500 — BTC, the Company has prepaid the Seller $12,125,500 in cash and will pay the remaining bala
• $1.02 — 71,078 shares of Common Stock valued at $1.02 per share and (ii) warrants to purchase

Filing Documents

• ea0215969-8k_nexttech.htm (8-K) — 33KB
• ea021596901ex10-1_nexttech.htm (EX-10.1) — 117KB
• ea021596901ex99-1_nexttech.htm (EX-99.1) — 4KB
• 0001213900-24-082687.txt ( ) — 360KB
• nxtt-20240924.xsd (EX-101.SCH) — 3KB
• nxtt-20240924_lab.xml (EX-101.LAB) — 33KB
• nxtt-20240924_pre.xml (EX-101.PRE) — 22KB
• ea0215969-8k_nexttech_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On September 24, 2024 (the "Execution Date"), Next Technology Holding Inc. (formerly known as WeTrade Group Inc.), a Wyoming corporation (the "Company"), and certain seller (the "Seller") entered into an Amended and Restated BTC Trading Contract (the "Amended BTC Contract") to amend and restate that certain BTC Trading Contract, dated September 25, 2023 (the "Initial BTC Contract"), as amended by that certain Amendment Agreement dated May 2, 2024 (the "BTC Contract Amendment", together with the Initial BTC Contract, the "Original BTC Contract"). The Initial BTC Contract was previously disclosed in a Form 8-K filed by the Company on September 28, 2023, and the BTC Contract Amendment was previously disclosed in a Form 8-K filed by the Company on May 6, 2024. Under the Initial BTC Contract, the Company was entitled to purchase up to 6,000 bitcoins ("BTC") from the Seller at a purchase price of US$30,000 per BTC over a 12-month period. Shortly after executing the Initial BTC Contract, the Company acquired 833 BTC pursuant to the Initial BTC Contract. On May 2, 2024, the Company and the Seller entered into the BTC Contract Amendment to finalize the payment terms for the Company's purchase of an additional 5,000 BTC under the Initial BTC Contract. According to the BTC Contract Amendment, the purchase price for the additional 5,000 BTC would be paid through the issuance of (i) 40,000,000 shares of the Company's common stock (the "Common Stock") valued at $3.75 per share and (ii) warrants to purchase 80,000,000 shares of the Common Stock at the exercise price of $2.6 per share. However, due to market fluctuations in BTC and subsequent discussions between the parties, the Company and the Seller decided not to proceed with the transaction as originally contemplated under the Original BTC Contract, as disclosed in a Form 8-K filed by the Company on June 26, 2024. Instead, they entered into the Amended BTC Contract, which

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure The Company has appointed Transhare Corporation as its transfer agent, effective September 27, 2024. A copy of the Company's letter to its shareholders is attached hereto as Exhibit 99.1 and incorporated herein by reference.

01 Other Events

Item 8.01 Other Events On September 24, 2024, the Company changed its contact email address to contact@nxtttech.com and ir@nxtttech.com. On September 24, 2024, the Company changed its website domain to www.nxtttech.com.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Form of Amended and Restated BTC Trading Contract, dated as of September 24, 2024 99.1 Shareholder Letter re: Transfer Agent Change 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

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 Weihong Name: Weihong LIU Title: Chief Executive Officer Dated: September 27, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR