secwatch.observer — SEC 8-K summary
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Issuer:     Next Technology Holding Inc. (NXTT)
CIK:        0001784970
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001213900-23-080343
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WeTrade Group signs option to buy up to 6,000 BTC at $30,000/BTC locked for 12 months
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- Option covers 6,000 BTC at locked price $30,000/BTC; first batch 833 BTC due end of Sep 2023.
- Second batch of 1,000 BTC scheduled for Oct 2023; remaining batches over 12 months.
- Payment may be made in cash or company stock; shares issued will be locked for 12 months.
- Breach penalty set at 10% of total contract price, i.e., $18,000,000.
- Agreement dated Sep 25, 2023; counterparty is an unaffiliated cooperative enterprise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784970/000121390023080343/0001213900-23-080343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784970/000121390023080343/ea185969-8k_wetrade.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-080343

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer