{"schema_version":"secwatch.filing_event.v1","accession":"0001099910-23-000199","form_type":"8-K","ticker":"NXTT","cik":"0001784970","company_name":"Next Technology Holding Inc.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.428895+00:00","generated_at":"2026-06-08T05:20:07.732136+00:00","sec_items":["1.01","2.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"WeTrade acquires 833 bitcoins for $25M, sells subsidiary, removes directors, obtains TRO in control dispute","bullets":["Sold WeTrade Information Technology Ltd shares for $4.5M (above NAV of ~$4.37M) on Sep 29, 2023.","Acquired 833 bitcoins for ~$25M at locked-in price of $30,000 per bitcoin during Sep 2023.","Removed directors Grace Li and Daxue Li via shareholder written consent on Oct 30, 2023; new board listed.","Unauthorized persons filed false 8-Ks and litigation; derivative suit dismissed Oct 18, direct action pending; TRO granted Nov 7."],"urls":{"canonical":"https://secwatch.observer/filing/0001099910-23-000199","json":"https://secwatch.observer/filing/0001099910-23-000199.json","markdown":"https://secwatch.observer/filing/0001099910-23-000199.md","text":"https://secwatch.observer/filing/0001099910-23-000199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/wetg_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:20:07.732136+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c2aa844b6e","claim":"Daxue Li was removed as Director at Next Technology Holding Inc..","evidence_excerpt":"On October 30, 2023, shareholders consisting of a majority of the Company’s then-outstanding shares voted and executed a written consent to remove Ms. Grace Li and Mr. Daxue Li from the board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d2c46d75e4","claim":"Grace Li was removed as Director at Next Technology Holding Inc..","evidence_excerpt":"On October 30, 2023, shareholders consisting of a majority of the Company’s then-outstanding shares voted and executed a written consent to remove Ms. Grace Li and Mr. Daxue Li from the board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8d570b699e6f89301467dab4519faaa27fdd303c","claim":"Next Technology Holding Inc. completed a disposition involving a buyer unaffiliated with the Company for $4,500,000 (closed 2023-09-29).","evidence_excerpt":"“WeTrade Information Shares”) of WeTrade Information Technology Limited and together with its wholly owned subsidiaries. The purchase price for the WeTrade Information Shares is $4,500,000, which is above the unaudited Net Asset Value (“NAV”) of approximately $4,370,000 and valuation amount of $3,500,000. The transaction was completed on September 29, 2023. rmation","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"a buyer unaffiliated with the Company"},{"label":"Consideration","value":"$4,500,000"},{"label":"Closing","value":"2023-09-29"}],"fact_type":"ma_transaction"},{"claim_id":"0466971f3ebe49859f7c46868b9cebcef33ed1b3","claim":"Next Technology Holding Inc. entered into Agreement with a buyer unaffiliated with the Company valued at $4,500,000 (effective 2023-09-27).","evidence_excerpt":"On September 27, 2023, Wetrade Group Inc., a Wyoming corporation (the “Company”) entered into a sale and purchase agreement (the “Agreement”) with a buyer unaffiliated with the Company (the “Buyer”), pursuant to which the Company agreed to sell and the Buyer agreed to purchase all the issued and outstanding ordinary shares (the “WeTrade Information Shares”) of WeTrade Information Technology Limited and together with its wholly owned subsidiaries.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"a buyer unaffiliated with the Company"},{"label":"Value","value":"$4,500,000"},{"label":"Effective","value":"2023-09-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}