Next Technology Holding Inc. Announces $9 Million Registered Direct Offering

Rhea-AI Summary

Next Technology Holding (NASDAQ:NXTT) has announced a registered direct offering of 60 million shares of common stock at $0.15 per share, aiming to raise approximately $9 million in gross proceeds.

The offering includes pre-funded warrants with an exercise price of $0.001 per share. The transaction, expected to close around September 3, 2025, is being conducted through Univest Securities as the sole placement agent. The offering is made pursuant to an effective shelf registration statement previously filed with the SEC.

Positive

• None.

Negative

• Significant dilution with 60 million new shares being offered
• Low offering price of $0.15 per share suggests weak market position

Insights

Securities Offering Specialist

NXTT raising $9M through heavily dilutive offering at $0.15/share, representing significant dilution of existing shareholders.

Next Technology Holding is conducting a $9 million registered direct offering by selling 60 million shares (or pre-funded warrants) at $0.15 per share. This transaction structure reveals concerning aspects about the company's capital raising strategy. At this price point and volume, the offering represents substantial dilution for existing shareholders. The mathematics are striking - with 60 million new shares at just $0.15 each, the company is significantly expanding its share count while raising a relatively modest amount of capital.

The use of pre-funded warrants (with a nominal $0.001 exercise price) alongside common stock is a technique typically employed when investors want immediate equity exposure but face ownership restrictions. This structure essentially allows for delayed share issuance while the company receives the capital immediately. The offering's pricing suggests weak demand and limited negotiating leverage with investors, as companies typically aim for minimal discount to market price when raising capital.

The single investor participation, rather than a broader syndicate, further indicates this was likely a negotiated transaction with a significant discount. With Univest Securities serving as the sole placement agent, this appears to be an expedited capital raise, expected to close by September 3rd. The dilutive impact and pricing warrant careful scrutiny of how the company plans to deploy this capital to generate sufficient returns that would justify such shareholder dilution.

CHEYENNE, WY, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Next Technology Holding Inc. (NASDAQ: NXTT) (the “Company”), today announced that it has entered into a definitive agreement with one investor for the purchase and sale of an aggregate of 60,000,000 of the Company’s common stock, no par value (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.15 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $9 million. The transaction is expected to close on or about September 3, 2025, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-267362) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 16, 2022. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.

About Next Technology Holding Inc.

Incorporated in Wyoming on March 28, 2019, Next Technology Holding Inc. is a technology company built on a dual-engine strategy of “AI plus digital assets.” The Company delivers AI-enabled SaaS software design, development and implementation to industrial clients across the Asia-Pacific region and beyond. Holdings may also be pledged for financing, partially liquidated for cash, or leveraged to generate additional income streams. The Company believes Bitcoin’s finite supply positions it for long-term appreciation as global adoption grows and as a potential hedge against inflation.

For more information, please visit http://www.nxtttech.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For investor inquiries, please contact:

ir@nxtttech.com

For general inquiries, please contact:

contact@nxtttech.com

FAQ

What is the size and price of Next Technology Holding's (NXTT) September 2025 offering?

Next Technology Holding is offering 60 million shares at $0.15 per share, aiming to raise approximately $9 million in gross proceeds.

When will NXTT's registered direct offering close?

The offering is expected to close on or about September 3, 2025, subject to customary closing conditions.

Who is the placement agent for Next Technology Holding's $9M offering?

Univest Securities, LLC is acting as the sole placement agent for the offering.

What are the terms of NXTT's pre-funded warrants in the offering?

The pre-funded warrants are priced the same as shares ($0.15) less the exercise price of $0.001 per share.

How will Next Technology Holding use the proceeds from the $9M offering?

The press release does not specify the use of proceeds from the $9 million registered direct offering.