---
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"
generated_at: "2026-06-14T23:55:44.546761+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003656
- JSON: https://secwatch.observer/filing/0001477932-23-003656.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003656.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784970/000147793223003656/0001477932-23-003656-index.htm

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