OTHER INFORMATION
−Removed: Capitalization
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.
−Removed: 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
−Removed: value unchanged at zero.
+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
+Added: par value unchanged at zero.
The Reverse Stock Split is intended to more expediently
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As a result of the Reverse Stock Split, every one-for-one
−Removed: hundred and eighty-five (185) shares of the Company’s Common Stock then issued and outstanding will automatically, and without any
−Removed: action of the Company or any holder thereof, be combined, converted, and changed into one (1) validly issued and non-assessable share
+Added: hundred and eighty-five (185) shares of the Company’s Common Stock then issued and outstanding will automatically, and without
+Added: 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.
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issued with the total amount of $12,616,454, and the Company’s common stock issued has been increased to 2,625,130 shares as of
−Removed: December 31, 2023.
−Removed: In April 2024, there are 4,351,280 shares issued with the total amount of $14,776,000 for the acquisition of 20% of
−Removed: associate company and loan conversion to equity, the Company’s common stock issued has been increased to 6,976,410 shares as of
−Removed: September 30, 2024.
−Removed: Bitcoin Option Contract
−Removed: On May 2, 2024, the Company entered into a
−Removed: Bitcoin Option Contract (the “Option Contract”) with the Association Seller.
−Removed: Under the Option Contract, the Association Seller
−Removed: agrees to sell, and 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
−Removed: period commencing on May 2, 2024.
−Removed: The Company can exercise this option at any time during the three-year period, either in one or multiple
−Removed: transactions, as mutually agreed upon by both parties.
−Removed: Payments for the BTC can be made in cash or in the Company’s common stock,
−Removed: at the Company’s discretion.
−Removed: In addition, the Option Contract allows for an optional 10% advance payment in cash if agreed upon
−Removed: by both parties.
−Removed: Although the Option Contract states that the Association Seller (Party B) “owns the virtual currency”, to
−Removed: our knowledge, this statement was mistakenly made.
−Removed: As of the date of the Option Contract, it were the individual members of the Association
−Removed: Seller, not the Association Seller itself, who own the BTC to be sold under the Option Contract.
−Removed: As of the date of this report, the Company has
−Removed: not paid any advance payment, nor exercised its option to purchase any BTC under the BTC Option Contract.
−Removed: Further, the Company does not
−Removed: intend to exercise its option to purchase any BTC under the BTC Option Contract.
−Removed: The above description of the Option Contract does
−Removed: 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
−Removed: 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
−Removed: reference herein.
−Removed: Trading Contract, dated September 25, 2023, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller) (Incorporated
−Removed: by reference to Exhibit 10.1 to Form 8-K filed on September 28, 2023)
+Added: March 31, 2024.
+Added: BTC Trading Contract, dated September 25, 2023, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller) (Incorporated by reference to Exhibit 10.1 to Form 8-K filed on September 28, 2023)
Agreement, dated May 2, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller) (Incorporated by reference
to Exhibit 10.1 to Form 8-K filed on May 6, 2024)
−Removed: Option Contract, dated May 2, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller)(Incorporated by
−Removed: reference to Exhibit 10.2 to Form 8-K filed on May 6, 2024)
−Removed: Cancellation Agreement, dated June 20, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller)
−Removed: Option Contract Cancellation Agreement, dated June 20, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party
+Added: Cancellation Agreement, dated June 20, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party B (Seller) (Incorporated
+Added: by reference to Exhibit 10.4 to Form 10Q/A for the period ended September 30, 2024, filed on December 9, 2024)
and Restated BTC Trading Contract, dated September 24, 2024, between Next Technology Holdings Inc., as Party A (Buyer) and Party
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Act of 2002 Filed herewith
−Removed: Financial statements
−Removed: from the quarterly report on Form 10-Q of Next Technology Holdings Inc for the fiscal quarter ended September 30, 2024, formatted
+Added: Financial statements from
+Added: 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;
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(iii) the Statement of Cash Flows;
−Removed: and (iv) the Notes to the Financial
−Removed: Statements Filed herewith
−Removed: Cover Page Interactive
−Removed: Data File (formatted as Inline XBRL and contained in Exhibit 101)
+Added: and (iv) the Notes to the Financial Statements
+Added: Filed herewith
+Added: Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101
Pursuant to the requirements of the Securities
1 unchanged sentence
NEXT TECHNOLOGY HOLDINGS INC
−Removed: December 9, 2024
+Added: Dated December 12, 2024
Chief Executive Officer
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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.