Next Technology announces $157M registered direct offering

Next Technology (NXTT) Holding announced that it has entered into a definitive agreement with twenty investors, pursuant to which the Company agreed to issue and sell, in a registered direct offering: (i) 71,381,818 shares of common stock of the Company, no par value per share, at a purchase price of $1.10 per share; and (ii) pre-funded warrants to purchase up to 71,381,818 shares of common stock at a purchase price of $1.099 per Pre-Funded Warrant.