Next Technology to issue 40M shares & 80M warrants for 5,000 BTC; signs option for 20,000 BTC at $60k

Next Technology Holding Inc.

Amended BTC contract: purchase 5,000 BTC at $30k each ($150M) paid with 40M common shares and 80M warrants.
Warrants: exercise price $2.60, exercisable from May 2, 2024 to May 2, 2029.
New Bitcoin Option Contract: right to buy up to 20,000 BTC at $60k/BTC, locked for 3 years.
Option payments can be made in cash or common stock; up to 10% cash prepayment if agreed.
Securities issued in amendment are unregistered, relying on exemption under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Next Technology Holding Inc. entered into Bitcoin Option Contract with Seller valued at Company may purchase up to 20,000 BTC at US$60,000 per BTC, locked for three years, with payment in (effective 2024-05-02).

Action: entry
Counterparty: Seller
Value: Company may purchase up to 20,000 BTC at US$60,000 per BTC, locked for three years, with payment in
Effective: 2024-05-02

Exact text from the filing

T Cover a 12-month period from a specified seller (“Seller”). As of the signing date of the Amendment, the Company had purchased

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Next Technology Holding Inc. amended Amendment Agreement to BTC Trading Contract with Seller valued at Consideration consists of 40,000,000 shares of common stock and 80,000,000 warrant shares; total BTC (effective 2024-05-02).

Action: amendment
Counterparty: Seller
Value: Consideration consists of 40,000,000 shares of common stock and 80,000,000 warrant shares; total BTC
Effective: 2024-05-02

Exact text from the filing

On May 2, 2024, Next Technology Holding Inc. (formerly known as WeTrade Group Inc.), a Wyoming corporation (“Company”), entered into an Amendment Agreement(“Amendment”) to a BTC Trading Contract.

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Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001099910-24-000211

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