Next Technology Holding Inc. Faces Delisting Notice

TL;DR

Next Tech (WETG) got a delisting notice, trading might be toast.

AI Summary

Next Technology Holding Inc. filed an 8-K on August 28, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, effective August 25, 2025. The company was formerly known as WeTrade Group Inc. and changed its name on April 2, 2024.

Why It Matters

This filing indicates potential issues with the company's compliance with stock exchange listing requirements, which could lead to its shares being delisted.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

• Next Technology Holding Inc. (company) — Filer of the 8-K
• WeTrade Group Inc. (company) — Former name of Next Technology Holding Inc.
• August 25, 2025 (date) — Date of earliest event reported (delisting notice)
• August 28, 2025 (date) — Filing date of the 8-K
• April 2, 2024 (date) — Date of name change from WeTrade Group Inc.

FAQ

Filing Documents

• ea0255041-8k_nexttech.htm (8-K) — 29KB
• 0001213900-25-081800.txt ( ) — 195KB
• nxtt-20250825.xsd (EX-101.SCH) — 3KB
• nxtt-20250825_lab.xml (EX-101.LAB) — 33KB
• nxtt-20250825_pre.xml (EX-101.PRE) — 22KB
• ea0255041-8k_nexttech_htm.xml (XML) — 4KB

01. Notice of Delisting of Failure to

Item 3.01. Notice of Delisting of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 25, 2025, the Company received a letter (the "Notice") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"). In the Notice, the Staff explained that it had reviewed the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's annual report on Form 10-K filed on March 27, 2025, which reported that the Company had six (6) employees, had terminated all of its operations in the People's Republic of China ("PRC") in June, 2024, and had dissolved its PRC subsidiary "WeTrade Technology (Shanghai) Co., Ltd." in July, 2024. The Staff also considered the Company's quarterly reports on Form 10-Q filed on May 9, 2025 and August 8, 2025, respectively, which indicated that the Company has not generated any revenue in 2025. Based on the Staff's review of the Company and pursuant to Nasdaq Listing Rule 5101, Nasdaq believes that the Company no longer has an operating business and is therefore a "public shell," and that the continued listing of its common stock is no longer warranted. The Notice further advised that, unless the Company timely requests a hearing before a Hearings Panel (the "Panel"), it would be subject to delisting. The Company disagrees with Nasdaq's view regarding the Company's status as a "public shell" and accordingly, intends to timely request a hearing. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period that may be granted by the Panel pursuant to the hearing. There can be no assurance that the Company's appeal of the delisting determination will be successful, or that, if successful, the Company will be able to maintain compliance with all applicable listing criteria.

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains "forward-looking likely result," "expect," "anticipate," "estimate," "believe," "intend," "plan," "project," "outlook," "should," "could," "may" or words of similar meaning and include, but are not limited to, statements regarding our future business and financial performance and prospects, including our expectations regarding the transactions described in this Current Report on Form 8-K. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results included in such forward-looking statements. Investors are cautioned not to place undue reliance on the forward-looking statements in this Current Report on Form 8-K, which information set forth herein speaks only as of the date hereof. The Company does not undertake, and it expressly disclaims, any intention or obligation to update any forward-looking statements made in this Current Report on Form 8-K, whether as a result of new information, future events or otherwise, except as required by law. A list and description of risks, uncertainties and other factors that could cause or contribute to differences in the Company's results can be found in its filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent filings. The Company qualifies all of its forward-looking statements by these cautionary statements. 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/ Weihong LIU Name: Weihong LIU Title: Chief Executive Officer Dated: August 28, 2025 2

View Full Filing

View this 8-K filing on SEC EDGAR