{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-23-003656","form_type":"8-K","ticker":"NXTT","cik":"0001784970","company_name":"Next Technology Holding Inc.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.563618+00:00","generated_at":"2026-06-14T23:55:44.546761+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"WeTrade Group's $16.5M securities purchase agreement terminated by investors on May 11","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-23-003656","json":"https://secwatch.observer/filing/0001477932-23-003656.json","markdown":"https://secwatch.observer/filing/0001477932-23-003656.md","text":"https://secwatch.observer/filing/0001477932-23-003656.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223003656/0001477932-23-003656-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223003656/wetg_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T23:55:44.546761+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":"7bfaaa6353d634a8d044dc8819fb34f6d2add9a0","claim":"Next Technology Holding Inc. terminated Securities Purchase Agreements with certain accredited investors valued at up to $16,500,000 (effective 2023-05-11).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000147793223003656/0001477932-23-003656-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"up to $16,500,000"},{"label":"Effective","value":"2023-05-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}