Univest Securities Facilitates $9 Million Funding for NXTT
Univest Securities Concludes Significant Offering for NXTT
In a notable development from New York, Univest Securities, LLC, an established investment bank and respected member of FINRA and SIPC, proudly announces the successful closing of a registered direct offering for its client, Next Technology Holding Inc. (NASDAQ: NXTT). This offering aligns with the company's mission of revolutionizing the technology sector through a dual-engine approach that focuses on artificial intelligence and digital assets.
Details of the Offering
As stipulated in the securities purchase agreement, Next Technology Holding Inc. has agreed to sell a substantial 60 million shares of its common stock at a price of $0.15 per share. The offering structure includes options for pre-funded warrants. These warrants will also have a purchase price consistent with the shares, allowing for flexible investment strategies.
Financial Proceeds
This strategic move has resulted in gross proceeds of approximately $9 million for Next Technology Holding Inc. Such funding enables the company to enhance its operational capabilities and continue its innovation-driven approach, promising exciting developments for its clients.
Role of Univest Securities LLC
Univest Securities acted as the exclusive placement agent for this transaction, showcasing their expertise and commitment to delivering exceptional service. As a prominent player on Wall Street, Univest is known for its ability to facilitate substantial capital raises across diverse industries. Since 2019, the firm has been instrumental in raising over $1.3 billion for various issuers, with approximately 100 completed transactions.
Regulatory Backing
The registered direct offering was conducted under a shelf registration statement filed by Next Technology with the U.S. Securities and Exchange Commission (SEC). This document not only provides the necessary regulatory endorsement but also assures potential investors of the company’s compliance with industry standards.
About Univest Securities, LLC
Founded in 1994, Univest Securities, LLC has built a solid reputation by offering a wide range of financial services. Their offerings include brokerage services, sales and trading, market making, investment banking, and wealth management. The firm prioritizes fostering lasting relationships with clients by delivering tailored financial solutions designed to meet their unique needs.
About Next Technology Holding Inc.
Next Technology Holding Inc., incorporated in Wyoming in 2019, stands out in the technology landscape due to its innovative dual-engine strategy that combines AI with digital assets. The company specializes in providing SaaS software design and development, aiming to serve industrial clients across the Asia-Pacific region. Its vision includes leveraging Bitcoin's finite supply, potentially offering a hedge against inflation and an opportunity for long-term growth.
Future Prospects for Next Technology
This recent funding is expected to propel Next Technology toward new heights, enhancing its capacity to fulfill projects that harness AI's capabilities and integrate digital asset strategies. The company’s commitment to embracing technological advancements positions it favorably in a rapidly evolving market.
Contact Information
For inquiries regarding this offering or to learn more about Univest Securities, LLC, interested parties can contact:
Univest Securities, LLC
Edric Guo
Chief Executive Officer
75 Rockefeller Plaza, Suite 18C
New York, NY 10019
Phone: (212) 343-8888
Email: info@univest.us
Frequently Asked Questions
What was the amount raised in this offering?
The offering successfully raised approximately $9 million for Next Technology Holding Inc.
Who acted as the placement agent for the offering?
Univest Securities, LLC acted as the sole placement agent for this transaction.
What is Next Technology Holding Inc.'s business focus?
Next Technology specializes in AI-enabled software solutions and digital assets, addressing the needs of industrial clients.
When was Next Technology Holding Inc. incorporated?
The company was incorporated in Wyoming on March 28, 2019.
How can I contact Univest Securities for more information?
Interested individuals can reach Univest Securities at (212) 343-8888 or via email at info@univest.us.
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