Univest Securities, LLC Announces Closing of $9 Million Registered Direct Offering for its Client Next Technology Holding Inc. (NASDAQ: NXTT)

Core Insights - Univest Securities, LLC announced the closing of a registered direct offering for Next Technology Holding Inc., raising approximately $9 million by selling 60 million shares at a price of $0.15 per share [1][2]. Company Overview - Next Technology Holding Inc. is a technology company focused on a dual-engine strategy of "AI plus digital assets," providing AI-enabled SaaS solutions to industrial clients primarily in the Asia-Pacific region [6]. - The company believes in the long-term appreciation of Bitcoin due to its finite supply and potential as a hedge against inflation [6]. Offering Details - The offering was conducted under a shelf registration statement previously filed with the SEC, which was declared effective on September 16, 2022 [3]. - The offering included pre-funded warrants with an exercise price of $0.001 per share, allowing for flexibility in the investment structure [1].