{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-23-002335","form_type":"8-K","ticker":"NXTT","cik":"0001784970","company_name":"Next Technology Holding Inc.","filed_at":"2023-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.562787+00:00","generated_at":"2026-06-17T04:41:07.654965+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WeTrade Group enters $18.33M senior secured convertible note financing, net $16.5M","bullets":["Net proceeds of $16.5M from $18.33M notes and warrants to purchase 25% of underlying shares at $1.00.","Notes bear 5% interest, convertible at $0.24 per share with full-ratchet anti-dilution; secured by all assets.","Maturity 18 months; monthly installments or cash/stock redemption at company's option.","Company must seek shareholder approval; voting agreements with key shareholders included.","Univest Securities (placement agent) receives 7% cash fee plus $150k expenses; proceeds for R&D and legal fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-23-002335","json":"https://secwatch.observer/filing/0001477932-23-002335.json","markdown":"https://secwatch.observer/filing/0001477932-23-002335.md","text":"https://secwatch.observer/filing/0001477932-23-002335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/wetg_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:41:07.654965+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":"51954a9f5004b6e341526a49b01fd1e790b4ba39","claim":"Next Technology Holding Inc. incurred convertible notes of $18,333,333.33 with certain accredited investors at 5% per annum.","evidence_excerpt":"On April 6, 2023, Wetrade Group Inc. (the “Company”) entered into those certain Securities Purchase Agreement (the “Securities Purchase Agreement) with certain accredited investors (the “Purchasers”), pursuant to which the Company will receive a net proceed of up to $16,500,000 in consideration of the issuance of: · senior secured convertible notes in the aggregate original principal amount of $18,333,333.33 (the “Convertible Notes”);","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$18,333,333.33"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Rate","value":"5% per annum"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3b12d8b96a93c291048c697266e4477c0fa0d16b","claim":"Next Technology Holding Inc. entered into Securities Purchase Agreement with certain accredited investors valued at up to $16,500,000 (effective 2023-04-06).","evidence_excerpt":"On April 6, 2023, Wetrade Group Inc. (the “Company”) entered into those certain Securities Purchase Agreement (the “Securities Purchase Agreement) with certain accredited investors (the “Purchasers”), pursuant to which the Company will receive a net proceed of up to $16,500,000 in consideration of the issuance of: · senior secured convertible notes in the aggregate original principal amount of $18,333,333.33 (the “Convertible Notes”);","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"up to $16,500,000"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}