secwatch.observer — SEC 8-K summary
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Issuer:     Next Technology Holding Inc. (NXTT)
CIK:        0001784970
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001213900-24-108469
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Next Technology withdraws reliance on Q2 2024 10-Q; $594K related-party loan adjustment
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- Board determined June 30, 2024 10-Q was not fully auditor-reviewed and should no longer be relied upon.
- Amendment No.1 filed Sept 20, 2024 corrected a $10,530 under-provision for tax expenses and deferred tax liabilities.
- Also corrected $594,140 over-provision for related party loan, adjusting amounts due to related parties and common stock.
- Restated balances: income tax expenses $2,301,348; common stock $71,718,790; amount due to related parties $1,181,592.
- No other changes to prior financials; company remains listed on NYSE American under NXTT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784970/000121390024108469/0001213900-24-108469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784970/000121390024108469/ea0219811-8k_nexttech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-108469

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