Next Technology Holding Inc. Announces Receipt of Staff Determination Letters from Nasdaq.
Next Technology Holding Inc. - Ordinary Shares (NXTT)
Company Research
Source: GlobeNewswire
Shenzhen, China, June 24, 2024 (GLOBE NEWSWIRE) -- NEXT TECHNOLOGY HOLDING INC. (formerly known as “WeTrade Group, Inc.”) (the “Company”) today announced that on June 18, 2024, it received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of Nasdaq notifying the Company that Nasdaq has initiated a process that could result in the delisting of the Company’s securities from Nasdaq as a result of the Company not being in compliance with the Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission and that annual reports to contain audited financial statements. Specifically, the Staff Determination states that the Form 10-K filed by the Company for the year end December 31, 2023 did not include an auditor’s opinion on the Company’s financial statements and presented unaudited financial statements. The Staff Determination als
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