Next Technology Executes 200-for-1 Reverse Stock Split: Aiming for Enhanced Market Standing

Next Technology Holding Inc., listed on the NASDAQ under the symbol NXTT, has announced a strategic 200-for-1 reverse stock split. This action is expected to reduce shares from 566 million to approximately 2.83 million, effective September 16th. The new CUSIP number will be 961884301. This move is driven by Next Technology’s significant growth in Bitcoin assets, which have surged by over 2,373%, leading to increased liquidity and potential Nasdaq compliance requirements.