---
schema_version: "secwatch.filing_event.v1"
accession: "0001099910-24-000114"
form_type: "8-K"
ticker: "NXTT"
cik: "0001784970"
company_name: "Next Technology Holding Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:45:24.088520+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WeTrade Group to acquire Future Dao Group for ~$13.4M in stock

## Summary
- Purchase price of $13,396,000 paid with 3,940,000 shares of WETG common stock at $3.40/share.
- Acquiring 2,000 ordinary shares of Future Dao Group Holding Limited from existing shareholders.
- Transaction approved by board and majority shareholders on Feb 26, 2024; closing expected Q2 2024.
- Shares issued are unregistered, relying on exemption under Section 4(a)(2) of Securities Act.
- Per share price of $3.40 is above the 5-day average of $3.19 prior to signing.

## SEC filing metadata
- accession: 0001099910-24-000114
- form_type: 8-K
- ticker: NXTT
- cik: 0001784970
- company_name: Next Technology Holding Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000114/0001099910-24-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000114/wetg_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001099910-24-000114
- JSON: https://secwatch.observer/filing/0001099910-24-000114.json
- Plain text: https://secwatch.observer/filing/0001099910-24-000114.txt

## Key facts
- Material Agreements
  Next Technology Holding Inc. entered into Purchase Agreement with certain existing shareholders of Future Dao Group Holding Limited valued at $13,396,000 (effective 2024-03-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain existing shareholders of Future Dao Group Holding Limited
  - Value: $13,396,000
  - Effective: 2024-03-01
  source text: On March 1,2024, WeTrade Group Inc., a Wyoming corporation (“WeTrade”), entered into that certain share purchase agreement (the “Purchase Agreement”) with certain existing shareholders (the “Sellers”)of Future Dao Group Holding Limited, an exempted company incorporated and existing under the laws of the Cayman Islands(the “Target”),pursuant to which WeTrade agrees to purchase from the Sellers indirectly through Next Investment Group Limited,a wholly-owned subsidiary of WeTrade (“Next Investment”), and the Sellers agree to sell to Next Investment, an aggregate of 2,000 ordinary shares (the “Purchased Shares”) of the Target (the “Transaction”) at a per share purchase price of $6,698 per share for an aggregate purchase price of $13,396,000 (the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000114/0001099910-24-000114-index.htm

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