{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-081800","form_type":"8-K","ticker":"NXTT","cik":"0001784970","company_name":"Next Technology Holding Inc.","filed_at":"2025-08-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.981062+00:00","generated_at":"2026-05-17T09:29:35.239873+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Nasdaq says Next Technology is a public shell, seeks delisting; company to appeal","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-081800","json":"https://secwatch.observer/filing/0001213900-25-081800.json","markdown":"https://secwatch.observer/filing/0001213900-25-081800.md","text":"https://secwatch.observer/filing/0001213900-25-081800.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784970/000121390025081800/0001213900-25-081800-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784970/000121390025081800/ea0255041-8k_nexttech.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:29:35.239873+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"514252b4f833e58104b922b1ae9b8d462176ada4","claim":"Next Technology Holding Inc. received a nasdaq delisting notice notice regarding other (rules 5101).","evidence_excerpt":") Co., Ltd.” in July, 2024. The Staff also considered the Company’s quarterly reports on Form 10-Q filed on May 9, 2025 and August 8, 2025, respectively, which indicated that the Company has not generated any revenue in 2025. Based on the Staff’s review of the Company and pursuant to Nasdaq Listing Rule 5101, Nasdaq believes that the Company no longer has an operating business and is therefore a “public shell,” and that the continued listing of its common stock is no longer warranted. The Notice further advised that, unless the Company timely requests a hearing before a Hearings Panel (the “Pa","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000121390025081800/0001213900-25-081800-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Rules","value":"5101"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}