Next Technology raises $9M in registered direct offering; faces Nasdaq delisting for 'public shell' status

Next Technology Holding Inc.

Sold 60M shares (or pre-funded warrants) at $0.15/share, raising ~$9M gross proceeds.
Pre-funded warrants for 34.7M shares exercised immediately; total shares issued 60M.
Received Nasdaq delisting notice on Aug 25 for being a 'public shell'; hearing scheduled Oct 7.
Company disagrees with Nasdaq's determination and has appealed; stay in effect pending hearing.
Intends to use net proceeds for working capital.

item 1.01item 3.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.