Next Technology announces $9M registered direct offering

Next Technology (NXTT) Holding announced that it has entered into a definitive agreement with one investor for the purchase and sale of an aggregate of 60M of the company’s common stock at a purchase price of 15c per share in a registered direct offering. The aggregate gross proceeds to the company of this offering are expected to be approximately $9M. The transaction is expected to close on or about September 3, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.