OTHER INFORMATION
−Removed: June 9, 2023, the Wyoming Secretary of State approved the Company’s certificate of amendment to amend its Articles of Incorporation
−Removed: to effect 1 for 185 Reverse Stock Split.
−Removed: The total issued and outstanding shares of the Company’s common stock decreased from 195,057,503
−Removed: to 1,054,364 shares, with the par value unchanged at zero.
−Removed: Reverse Stock Split is intended to more expediently enable the Company to regain compliance to achieve a minimum bid price of $1.00 per
−Removed: share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”).
−Removed: a result of the Reverse Stock Split, every one-for-one hundred and eighty-five (185) shares of the Company’s Common Stock then
−Removed: issued and outstanding will automatically, and without any action of the Company or any holder thereof, be combined, converted, and changed
−Removed: into one (1) validly issued and non-assessable share of Common Stock.
−Removed: No fractional shares will be issued to any shareholder, and in
−Removed: lieu of issuing any such fractional shares, the fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest
−Removed: whole share of Common Stock.
−Removed: In September,
−Removed: 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
−Removed: to 2,625,130 shares as of March 31, 2024.
−Removed: In April 2024, there are 4,351,280 shares issued with the total amount of $14,776,000 for the
−Removed: acquisition of 20% of associate company and loan conversion to equity, the Company’s common stock issued has been increased to
−Removed: 6,976,410 shares as of June 30, 2024.
−Removed: Certification
−Removed: of Principal Executive Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of
−Removed: the Sarbanes-Oxley Act of 2002 Filed herewith
−Removed: Certification
−Removed: of Principal Financial Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of
−Removed: the Sarbanes-Oxley Act of 2002 Filed herewith
−Removed: Certification
−Removed: of Chief Executive Officer furnished pursuant to 18 U.S.C.
−Removed: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
−Removed: Act of 2002 Filed herewith
−Removed: Certification
−Removed: of Chief Financial Officer furnished pursuant to 18 U.S.C.
−Removed: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
−Removed: Act of 2002 Filed herewith
−Removed: Financial statements from
−Removed: the quarterly report on Form 10-Q of Next Technology Holdings Inc for the fiscal quarter ended June 30, 2024, formatted in XBRL:
+Added: Capitalization
+Added: On June 9, 2023, the Wyoming Secretary of State
+Added: approved the Company’s certificate of amendment to amend its Articles of Incorporation to effect 1 for 185 Reverse Stock Split.
+Added: 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
+Added: value unchanged at zero.
+Added: The Reverse Stock Split is intended to more expediently
+Added: 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
+Added: in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”).
+Added: As a result of the Reverse Stock Split, every one-for-one
+Added: hundred and eighty-five (185) shares of the Company’s Common Stock then issued and outstanding will automatically, and without any
+Added: action of the Company or any holder thereof, be combined, converted, and changed into one (1) validly issued and non-assessable share
+Added: of Common Stock.
+Added: No fractional shares will be issued to any shareholder, and in lieu of issuing any such fractional shares, the fractional
+Added: shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share of Common Stock.
+Added: September, 2023, there are 1,570,600 shares issued with the total amount of $12,616,454, the Company’s common stock issued has
+Added: been increased to 2,625,130 shares as of December 31, 2023.
+Added: In April 2024, there are 4,351,280 shares issued with the total amount of
+Added: $14,776,000 for the acquisition of 20% of associate company and loan conversion to equity, the Company’s common stock issued has
+Added: been increased to 6,976,410 shares as of September 30, 2024.
+Added: Bitcoin Option Contract
+Added: On May 2, 2024, the Company entered into a Bitcoin
+Added: Option Contract (the “Option Contract”) with a specified seller.
+Added: Under the Option Contract, the seller agrees to sell, and
+Added: the Company has the option to purchase, up to 20,000 BTC at a fixed price of US$60,000 per BTC over a three-year period.
+Added: The Company can
+Added: exercise this option at any time during the three-year period, either in one or multiple transactions, as mutually agreed upon by both
+Added: Payments for the BTC can be made in cash or in the Company’s common stock, at the Company’s discretion.
+Added: the Option Contract allows for an optional 10% advance payment in cash if agreed upon by both parties.
+Added: As of the date of this report, the Company has
+Added: not paid any advance payment, nor exercised its option to purchase any BTC under the BTC Option Contract.
+Added: Further, the Company does not
+Added: intend to exercise its option to purchase any BTC under the BTC Option Contract.
+Added: The above description of the Option Contract does
+Added: not purport to be complete, and is qualified in its entirety by reference to the full text of the Option Contract, a copy of which is
+Added: attached to the Company’s Current Report on Form 8-K as Exhibit 10.2, filed with the SEC on May 6, 2024, which is incorporated by
+Added: reference herein.
+Added: 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
+Added: 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
+Added: Certification of Chief Executive Officer furnished pursuant to 18 U.S.C.
+Added: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
+Added: Certification of Chief Financial Officer furnished pursuant to 18 U.S.C.
+Added: Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Filed herewith
+Added: Financial statements from the quarterly report on Form 10-Q of Next Technology Holdings Inc for the fiscal quarter ended September 30, 2024, formatted in XBRL:
(i) the Balance Sheet;
1 unchanged sentence
(iii) the Statement of Cash Flows;
−Removed: and (iv) the Notes to the Financial Statements
−Removed: Filed herewith
+Added: and (iv) the Notes to the Financial Statements Filed herewith
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
−Removed: to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
−Removed: the undersigned, thereunto duly authorized.
+Added: Pursuant to the requirements of the Securities
+Added: 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
−Removed: Dated August 21, 2024
+Added: November 15, 2024
+Added: /s/ Wei Hong Liu
Chief Executive Officer
−Removed: /s/ Ken Tsang
Chief Financial Officer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.