Next Technology Holding raises $9 million in registered direct offering

NEW YORK - Next Technology Holding Inc. (NASDAQ:NXTT), currently valued at $201 million, has closed a registered direct offering of 60 million shares of common stock to a single investor at $0.15 per share, raising approximately $9 million in gross proceeds, according to a press release statement issued Wednesday. The stock has seen significant volatility, dropping nearly 58% in the past week alone.

The Wyoming-based technology company, which focuses on AI-enabled SaaS software and digital assets, completed the transaction through Univest Securities, LLC, which acted as the sole placement agent for the offering. According to InvestingPro data, the company maintains impressive gross profit margins of 59.4% and operates with a moderate level of debt.

The offering included the option for pre-funded warrants in lieu of shares, priced identically to the shares minus an exercise price of $0.001 per share.

The transaction was conducted under a shelf registration statement on Form S-3 that was previously filed with the SEC and declared effective on September 16, 2022.

Next Technology Holding describes itself as a company built on a "dual-engine strategy" combining artificial intelligence with digital assets. The company provides AI-enabled SaaS software design, development and implementation services to industrial clients primarily in the Asia-Pacific region.

This financing follows Univest Securities’ track record of raising capital for various issuers, having reportedly raised over $1.3 billion since 2019 across approximately 100 transactions in industries including technology, life sciences, industrial, and consumer goods. InvestingPro analysis reveals 14 additional key metrics and insights about NXTT’s financial health and market position, available to subscribers.

In other recent news, Next Technology Holding Inc. received a notice from the Nasdaq Stock Market regarding potential delisting due to a lack of operations. This decision followed a review of the company’s recent filings, which showed that it ended operations in China and dissolved its subsidiary there in mid-2024. Additionally, the company has not generated any revenue in 2025, as indicated in its quarterly reports. Despite these challenges, Next Technology Holding announced a new dividend policy. The policy mandates distributing at least 80% of its profits to shareholders, effective September 8, 2025. This comes after the company reported a Q2 2025 net income of $312 million, potentially leading to annualized dividend payments exceeding $250 million.

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