Next Technology Holding Inc. (NXTT): Nasdaq/NYSE listing notice — 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 1.01 item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Next Technology Holding Inc. received a nasdaq delisting notice notice regarding other (rules 5101).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101

Exact text from the filing

August 25, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating Nasdaq’s view that the Company no longer has an operating business and is a “public shell” under Nasdaq Listing Rule 5101 and, as a result, unless the Company timely requests a hearing before a Hearings Panel (the “Panel”), it would be subject to delisting. The Company disagrees with Nasdaq’s view regarding the Company’s status as a “public shell” and has appealed Nasdaq’s determination by submitting a hearing request form on September 2, 2025. On Septe

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-085190

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