Next Technology raises $9 million in registered direct offering

Next Technology Holding Inc. (NASDAQ: NXTT) entered into an agreement with one investor for a registered direct offering of 60 million shares at $0.15 per share, the company announced. The transaction is expected to generate approximately $9 million in gross proceeds.

The offering includes common stock and pre-funded warrants as alternatives. Pre-funded warrants carry the same purchase price as shares, minus an exercise price of $0.001 per share. The transaction is scheduled to close September 3, 2025, subject to customary closing conditions.

Univest Securities, LLC serves as the sole placement agent for the offering. The company is conducting the offering under a shelf registration statement filed with the Securities and Exchange Commission in 2022 and declared effective September 16, 2022.

Next Technology Holding Inc., incorporated in Wyoming in March 2019, operates as a technology company focused on AI-enabled software-as-a-service solutions and digital assets. The company provides AI software design, development and implementation services to industrial clients in the Asia-Pacific region.

The company describes its business strategy as "AI plus digital assets" and maintains holdings in Bitcoin, which it views as a potential hedge against inflation due to the cryptocurrency's finite supply.

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