Next Technology SEC Filings

Next Technology Holding Inc., formerly WeTrade Group Inc., reported that Lichen Dong resigned on December 10, 2025 as a director, Chairman of the Board, and Chair of the Nominating Committee. The company states his resignation was not due to any disagreement with its operations, policies, or procedures.

Under a Resignation and Release Agreement, the company will make a one-time cash payment of $120,000 to Mr. Dong within 90 business days from the resignation date as full settlement of all outstanding obligations between the parties. The agreement includes mutual releases of claims, non-disparagement commitments, and continued confidentiality obligations.

Next Technology Holding Inc. obtained written consent from holders of approximately 52.18% of its common stock to give its board broad authority to implement one or more additional reverse stock splits. The board may, at its discretion, execute reverse splits of the common stock at ratios between 1-for-2 and 1-for-250, after a prior 1-for-200 reverse split that took effect in September 2025. The main goal is to help maintain compliance with Nasdaq’s $1.00 minimum bid price rule and potentially broaden appeal to certain long-term investors. No shareholder meeting will be held, other stockholders do not have dissenters’ rights, and fractional shares will be rounded up to the next whole share.

Next Technology Holding Inc. (NXTT) disclosed that its wholly owned subsidiary, Next Investment Group Limited, signed a non-binding Memorandum of Understanding (MOU) with Global Nexgen Limited to explore a potential strategic transaction involving Bitcoin (BTC).

The MOU expresses a non-binding intent to pursue one of two possible Bitcoin-related transactions within one year from its effective date, using a fixed price of $84,000 per BTC as the locked price for any deal structure the parties may agree on.

The parties agreed to a 90-day exclusivity period during which they will negotiate only with each other and keep discussions confidential, with the goal of signing a definitive agreement. However, the MOU is explicitly an expression of intent, and there is no assurance that the parties will reach a final agreement or complete any transaction.

Next Technology Holding Inc. obtained written consent from its board and majority stockholders to authorize one or more additional reverse stock splits of its common stock. The board may, at its discretion, implement reverse splits at ratios ranging from 1-for-2 to 1-for-250 to help maintain compliance with Nasdaq’s $1.00 minimum bid price and potentially broaden long-term investor interest. As of November 20, 2025, the company had 4,082,556 shares of common stock issued and outstanding. No shareholder meeting or further vote will be held, and non-consenting stockholders do not have dissenters’ rights under Wyoming law.

Next Technology Holding Inc. filed Amendment No. 1 to its shelf registration, permitting the company to offer and sell, from time to time, up to $500,000,000 of common stock in one or more offerings, with specific terms to be set in future prospectus supplements. The amendment also adds facing‑page language for automatic effectiveness under Rule 473(b) and carries forward $291,034,686.74 of previously registered but unsold securities pursuant to Rule 415(a)(6).

The filing states that each takedown may be conducted directly, through agents, or via underwriters or dealers as described in future supplements. NXTT is listed on Nasdaq; the last reported sales price was $0.1510 per share on September 12, 2025. The prospectus highlights that investing in the common stock involves significant risks and directs readers to the Risk Factors section and documents incorporated by reference.

Next Technology Holding Inc. (NXTT) reports a quarter dominated by large digital-asset activity. The company holds $666,804,429 of digital assets (5,833 BTC) and recognized a $430,398,332 fair-value gain during the nine months ended September 30, 2025, recorded in other income. In March 2025 the company acquired 5,000 BTC for $158,083,667. The BTC purchase involved issuing common stock and warrants; subsequent warrant exercises increased outstanding shares materially to over 436 million, and later equity grants under a 2025 plan raised shares above 506 million. The company recognized large share-based compensation ($44,367,409 and a full grant of $42,840,000 for certain awards). Cash balances include $668,387 held in Hong Kong not protected by FDIC or local deposit insurance. The dividend policy states up to 80% of annual profits may be distributed, but no dividends were declared for the periods presented.

Next Technology Holding Inc. filed a Form S-8 to register securities under the Next Technology Holding Inc. 2025 Equity Incentive Plan. The submission lists prior SEC filings including the Annual Report for the fiscal year ended December 31, 2024 (filed March 27, 2025) and Quarterly Reports for periods ended March 31, 2025 and June 30, 2025 (filed May 9, 2025 and August 8, 2025). The registration statement includes corporate governance exhibits, legal opinion, auditor consent, and is signed by executives and directors on September 29, 2025.