---
schema_version: "secwatch.filing_event.v1"
accession: "0001099910-24-000193"
form_type: "8-K"
ticker: "NXTT"
cik: "0001784970"
company_name: "Next Technology Holding Inc."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:32:40.121972+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Next Technology completes $13.4M acquisition of 20% stake in Bitcoin miner Future Dao Group

## Summary
- Acquired 2,000 ordinary shares of Future Dao Group Holding Limited for $13.4M.
- Purchase price paid with 3.94M shares of NXTT common stock valued at $3.40/share.
- Stake represents approximately 20% of Future Dao Group's outstanding share capital.
- Transaction aimed at expanding Bitcoin mining holdings and cryptocurrency presence.
- Company expects acquisition to be accretive to EPS and enhance revenue/profitability.

## SEC filing metadata
- accession: 0001099910-24-000193
- form_type: 8-K
- ticker: NXTT
- cik: 0001784970
- company_name: Next Technology Holding Inc.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000193/0001099910-24-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000193/nxtt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001099910-24-000193
- JSON: https://secwatch.observer/filing/0001099910-24-000193.json
- Plain text: https://secwatch.observer/filing/0001099910-24-000193.txt

## Key facts
- M&A Transactions
  Next Technology Holding Inc. completed an acquisition involving Future Dao Group Holding Limited for $13,396,000 (closed 2024-04-17).
  - Action: acquisition
  - Counterparty: Future Dao Group Holding Limited
  - Consideration: $13,396,000
  - Closing: 2024-04-17
  source text: the entry into such agreement under Item 1.01. Method of Payment The transaction was completed at a per share purchase price of $6,698, for an aggregate purchase price of $13,396,000. The Purchase Price was paid by issuing 3,940,000 shares of common stock of the Company at an agreed-upon valuation of $3.4 per share. Purpose and Expected Benefits The Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784970/000109991024000193/0001099910-24-000193-index.htm

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