secwatch.observer — SEC 8-K summary
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Issuer:     Next Technology Holding Inc. (NXTT)
CIK:        0001784970
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001477932-23-002335
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/0001477932-23-002335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784970/000147793223002335/wetg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-002335

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