Item 5. Other Information
ITEM 5. OTHER INFORMATION
On June 9, 2023, the Wyoming Secretary of State
approved the Company’s certificate of amendment to amend its Articles of Incorporation to effect 1 for 185 Reverse Stock Split.
The total issued and outstanding shares of the Company’s common stock decreased from 195,057,503 to 1,054,364 shares, with the par
value unchanged at zero.
The Reverse Stock Split is intended to more expediently
enable the Company to regain compliance to achieve a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth
in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). As a result of the Reverse Stock Split, every one-for-one
hundred and eighty-five (185) shares of the Company’s Common Stock then issued and outstanding will automatically, and without any
action of the Company or any holder thereof, be combined, converted, and changed into one (1) validly issued and non-assessable share
of Common Stock. No fractional shares will be issued to any shareholder, and in lieu of issuing any such fractional shares, the fractional
shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share of Common Stock.
In September, 2023, there are 1,570,600 shares
issued with the total amount of $12,616,454, the Company’s common stock issued has been increased to 2,625,130 shares as of March
31, 2024.
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ITEM 6. EXHIBITS
Exhibit No.
Description
31.1
Certification of Principal Executive Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Filed herewith
31.2
Certification of Principal Financial Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Filed herewith
32.1
Certification of Chief Executive Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
32.2
Certification of Chief Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
101
Financial statements from the quarterly report on Form 10-Q of Next Technology Holdings Inc for the fiscal quarter ended March 31, 2024, formatted in XBRL: (i) the Balance Sheet; (ii) the Statement of Income; (iii) the Statement of Cash Flows; and (iv) the Notes to the Financial Statements Filed herewith
104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NEXT TECHNOLOGY HOLDINGS INC
Dated September 12, 2024
By:
/s/
Wei Hong Liu
Wei Hong Liu
Chief Executive Officer
/s/ Ken Tsang
Ken Tsang
Chief Financial Officer
24
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.