WeTrade Group terminates $35M convertible debenture agreement with investors

Next Technology Holding Inc.

On Sept 13, 2023, mutually terminated Aug 23 securities purchase agreements for $35M convertible debentures and warrants.
Subscription fees (HKD) will be returned to investors within 15 business days of termination.
All obligations under the transaction documents are cancelled; parties release all claims.

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. terminated Termination Agreement with Purchasers valued at $35,000,000 (effective 2023-09-13).

Action: termination
Agreement: settlement
Counterparty: Purchasers
Value: $35,000,000
Effective: 2023-09-13

Exact text from the filing

On September 13, 2023, the Company and each of the Purchasers entered into a termination agreement (the “Termination Agreement”), which mutually terminated all obligations arising out of the Transaction Documents.

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-076388

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