secwatch.observer — SEC 8-K summary
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Issuer:     Next Technology Holding Inc. (NXTT)
CIK:        0001784970
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001213900-23-070639
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WeTrade Group enters $35M convertible note and warrant financing
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- Up to $35M aggregate principal of 10% senior secured convertible notes due 18 months.
- Warrants to purchase up to 100% of underlying shares at $4.76 exercise price (5-year term).
- Notes convertible at $4.76 per share, with full ratchet anti-dilution and 4.99% beneficial ownership limitation.
- Closing expected on/about Sept 29, 2023, subject to shareholder approval; proceeds for general corporate purposes.
- Unregistered sale under Section 4(a)(2) and Rule 506 of Regulation D to accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784970/000121390023070639/0001213900-23-070639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784970/000121390023070639/ea184171-8k_wetrade.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-070639

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