{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-036750","form_type":"8-K","ticker":"NXTT","cik":"0001784970","company_name":"Next Technology Holding Inc.","filed_at":"2023-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.428548+00:00","generated_at":"2026-06-10T02:38:03.149475+00:00","sec_items":["1.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WeTrade Board terminates $12M subscription, Bitcoin purchase; appoints two independent directors","bullets":["Board terminated two Subscription Agreements (Sept 13 and Sept 25, 2023) initiated by former directors/officers for $12M and 6,000 Bitcoin at $30K/coin.","Appointed Ting Li and Lihui Zhang as independent directors; Zhang named Audit Committee chair.","Removed Hechun Wei as sole director of subsidiary WeTrade Bit; appointed Jianshuang Wang as sole director, CEO, CFO, and President.","Terminated agreements had been unauthorized announcements; board reasserts control over capital allocation."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-036750","json":"https://secwatch.observer/filing/0001493152-23-036750.json","markdown":"https://secwatch.observer/filing/0001493152-23-036750.md","text":"https://secwatch.observer/filing/0001493152-23-036750.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784970/000149315223036750/0001493152-23-036750-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784970/000149315223036750/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T02:38:03.149475+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":"15cb54b2a9","claim":"Lihui Zhang was appointed as Independent Director and Chair of Audit Committee at Next Technology Holding Inc..","evidence_excerpt":"and Lihui Zhang as an independent director of the Board of the Company and the chair of the Audit Committee.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000149315223036750/0001493152-23-036750-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Independent Director and Chair of Audit Committee"}],"fact_type":"executive_change"},{"claim_id":"75b3bb39da","claim":"Ting Li was appointed as Independent Director at Next Technology Holding Inc..","evidence_excerpt":"On October 2, 2023, the Board of Directors of the Company appointed Ting Li as an independent director of the Board of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000149315223036750/0001493152-23-036750-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Independent Director"}],"fact_type":"executive_change"},{"claim_id":"0d0b3bb3813296b8ec66168614448d01177b7552","claim":"Next Technology Holding Inc. terminated Subscription Agreements with Regulation S investors valued at $12 million (effective 2023-10-02).","evidence_excerpt":"On October 2, 2023, the Board terminated the Subscription Agreements dated as of September 13, 2023 and the Subscription Agreement dated as of September 25, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784970/000149315223036750/0001493152-23-036750-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Regulation S investors"},{"label":"Value","value":"$12 million"},{"label":"Effective","value":"2023-10-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}