---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003705"
form_type: "8-K"
ticker: "NXTT"
cik: "0001784970"
company_name: "Next Technology Holding Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:23:38.424849+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WeTrade Group receives Nasdaq delisting notice; intends to appeal by May 22

## Summary
- Nasdaq staff determined to delist due to bid price below $0.10 for 10 consecutive trading days during compliance period.
- Trading suspended at open on May 24, 2023 unless appeal is requested.
- Company also failed to file Form 10-K for FY2022, violating Listing Rule 5250(c)(1).
- WeTrade plans to request a hearing; hearings typically scheduled 30-45 days after request.
- Company cannot assure it will regain compliance with Nasdaq listing rules.

## SEC filing metadata
- accession: 0001477932-23-003705
- form_type: 8-K
- ticker: NXTT
- cik: 0001784970
- company_name: Next Technology Holding Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784970/000147793223003705/0001477932-23-003705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784970/000147793223003705/wetg_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003705
- JSON: https://secwatch.observer/filing/0001477932-23-003705.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003705.txt

## Key facts
- Listing & Compliance Notices
  Next Technology Holding Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(3)(A)(iii)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A), 5810(3)(A)(iii)
  source text: May 15, 2023, the Company received a letter from the Listing Qualifications Department of the Nasdaq regarding the Company’s failure to maintain a closing bid price of at least $0.10 for ten consecutive trading days during the Compliance Period, which results in a Staff Delisting Determination under Rule 5810(3)(A)(iii). The Staff has determined to delist the Company’s securities from the Nasdaq. Unless the Company requests an appeal of this determination, trading of the Company’s common stock will be suspended at the opening of business on May 24, 2023. In addition, on April 20, 2023, Staff n
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784970/000147793223003705/0001477932-23-003705-index.htm
- Listing & Compliance Notices
  Next Technology Holding Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: April 20, 2023, Staff notified the Company that it did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Filing Rule”) because the Company had not filed its Form 10-K for the fiscal year ended December 31, 2022. The Company may appeal Staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company intends to timely request a hearing before the Panel which will stay the delisting of the Company’s securities pending the issuance of a decision by the Panel and the expiration of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784970/000147793223003705/0001477932-23-003705-index.htm

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