---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-076388"
form_type: "8-K"
ticker: "NXTT"
cik: "0001784970"
company_name: "Next Technology Holding Inc."
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:15:33.561269+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WeTrade Group terminates $35M convertible debenture agreement with investors

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-076388
- form_type: 8-K
- ticker: NXTT
- cik: 0001784970
- company_name: Next Technology Holding Inc.
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784970/000121390023076388/0001213900-23-076388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784970/000121390023076388/ea185174-8k_wetrade.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-076388
- JSON: https://secwatch.observer/filing/0001213900-23-076388.json
- Plain text: https://secwatch.observer/filing/0001213900-23-076388.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784970/000121390023076388/0001213900-23-076388-index.htm

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