---
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"
generated_at: "2026-06-08T05:20:07.732136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WeTrade acquires 833 bitcoins for $25M, sells subsidiary, removes directors, obtains TRO in control dispute

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001099910-23-000199
- JSON: https://secwatch.observer/filing/0001099910-23-000199.json
- Plain text: https://secwatch.observer/filing/0001099910-23-000199.txt

## Key facts
- Executive change
  Daxue Li was removed as Director at Next Technology Holding Inc..
  - Action: removed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm
- Executive change
  Grace Li was removed as Director at Next Technology Holding Inc..
  - Action: removed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm
- M&A Transactions
  Next Technology Holding Inc. completed a disposition involving a buyer unaffiliated with the Company for $4,500,000 (closed 2023-09-29).
  - Action: disposition
  - Counterparty: a buyer unaffiliated with the Company
  - Consideration: $4,500,000
  - Closing: 2023-09-29
  source text: “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_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm
- Material Agreements
  Next Technology Holding Inc. entered into Agreement with a buyer unaffiliated with the Company valued at $4,500,000 (effective 2023-09-27).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: a buyer unaffiliated with the Company
  - Value: $4,500,000
  - Effective: 2023-09-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991023000199/0001099910-23-000199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.