---
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"
generated_at: "2026-06-17T04:41:07.654965+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WeTrade Group enters $18.33M senior secured convertible note financing, net $16.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-002335
- JSON: https://secwatch.observer/filing/0001477932-23-002335.json
- Plain text: https://secwatch.observer/filing/0001477932-23-002335.txt

## Key facts
- Debt Financings
  Next Technology Holding Inc. incurred convertible notes of $18,333,333.33 with certain accredited investors at 5% per annum.
  - Instrument: convertible notes
  - Principal: $18,333,333.33
  - Counterparty: certain accredited investors
  - Rate: 5% per annum
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm
- Material Agreements
  Next Technology Holding Inc. entered into Securities Purchase Agreement with certain accredited investors valued at up to $16,500,000 (effective 2023-04-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: up to $16,500,000
  - Effective: 2023-04-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.