Nasdaq says Next Technology is a public shell, seeks delisting; company to appeal

Next Technology Holding Inc.

Received Nasdaq notice on Aug 25, 2025 citing no operating business and zero 2025 revenue.
Company reported 6 employees, terminated China ops in June 2024, dissolved PRC subsidiary.
Nasdaq believes continued listing unwarranted under Listing Rule 5101 as a public shell.
Company disagrees, will timely request a hearing, which stays any suspension or delisting.
No assurance appeal will succeed or that compliance with listing criteria can be maintained.

item 3.01

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