WeTrade Group's $16.5M securities purchase agreement terminated by investors on May 11

Next Technology Holding Inc.

Termination of April 6, 2023 Securities Purchase Agreements with accredited investors for up to $16.5M net proceeds.
Purchasers sent termination notices on May 11, 2023 because closing conditions were not met.
The agreements involved senior secured convertible notes and warrants; they are void with no further effect.
Company had previously disclosed the agreements in an April 7, 2023 8-K.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Next Technology Holding Inc. terminated Securities Purchase Agreements with certain accredited investors valued at up to $16,500,000 (effective 2023-05-11).

Action: termination
Agreement: equity purchase
Counterparty: certain accredited investors
Value: up to $16,500,000
Effective: 2023-05-11

Exact text from the filing

On May 11, 2023, the Company received termination notices from the Purchasers due to the closing conditions had not been met pursuant to the Securities Purchase Agreements. As a result, the Securities Purchase Agreements are terminated and shall have no further force and effect.

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38 material agreements filed in the last 30 days. Browse all material agreements →

Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-003656

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