Next Technology Holding Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits
UNITED STATES
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CURRENT REPORT
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1621 Central Ave Cheyenne, Wyoming 82001
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Item 1.01. Entry into a Material Definitive Agreement
Between June, 2025 and August, 2025, Next Technology Holding Inc., a Wyoming corporation (the “Company”), entered into four commercial customer agreements (each, an “Agreement”) with customers in the hotel management, smart water-system management, and crypto mining industries. Under the Agreements, the Company agrees to provide AI-enabled monitoring and management systems, and relevant training and support services tailored to each customer’s specific business needs, in exchange for service fees.
The Agreements provide for an aggregate committed contract value of approximately $12.59 million, consisting of recurring subscription and service fees to be paid by instalments over the contract term. Each Agreement includes customary service-level commitments, performance acceptance criteria, data-security and confidentiality covenants, payment terms, and termination rights. As of the date of this Current Report on Form 8-K, the Company has received approximately $5.09 million in service fees under the Agreements. In compliance with ASC 606, the Company recognized revenue of approximately $1.79 million with respect to the Agreements.
This summary of the Agreements does not purport to be complete and is qualified in their entirety by reference to the provisions of the respective Agreements, a copy of which is filed as Exhibits 10.1, 10.2, 10.3 and 10.4.
Item 8.01. Other Events
The Company continues to pursue a dual strategy of providing software development services and acquiring and holding bitcoin. The Company’s AI-enabled software development services are primarily provided in Hong Kong, Singapore, and other Asian markets under a SaaS+AI model focused on customized development projects. Its platforms integrate cloud computing, big data, and AI algorithms to support industry-specific customized solutions with three core directions: 1) For the hospitality industry, develop AI-enabled security monitoring SaaS platforms; 2) For the water sector build smart water-energy synergy SaaS systems; 3) For the Bitcoin mining industry provide integrated solutions of liquid cooling hardware + SaaS group control management systems.
To support business development and expansion, the Company is scaling its organization. It currently employs 21 people, including an R&D team of approximately 10 engineers, and plans to expand to approximately 30 employees by the end of 2025.
As a result of the business expansion, the Company secured approximately $12.59 million in contracts in the first three quarters of 2025. Reference is made to the disclosure under Item 1.01 above, which is hereby incorporated in this Item 8.01 by reference. The Company is actively negotiating additional SaaS+AI contracts with an aggregate potential value of approximately $40 million which, if successfully executed, the Company believes will position it for further growth and expansion.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following are filed as Exhibits to this Report.
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Forward Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of federal and state securities laws. Such statements can be identified by words such as “will likely result,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,” “project,” “outlook,” “should,” “could,” “may” or words of similar meaning and include, but are not limited to, statements regarding our future business and financial performance and prospects, including our expectations regarding the transactions and developments described in this Current Report on Form 8-K, such as the expansion of organization and execution of additional contracts. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results included in such forward-looking statements. Investors are cautioned not to place undue reliance on the forward-looking statements in this Current Report on Form 8-K, which information set forth herein speaks only as of the date hereof. The Company does not undertake, and it expressly disclaims, any intention or obligation to update any forward-looking statements made in this Current Report on Form 8-K, whether as a result of new information, future events or otherwise, except as required by law. A list and description of risks, uncertainties and other factors that could cause or contribute to differences in the Company’s results can be found in its filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent filings. The Company qualifies all of its forward-looking statements by these cautionary statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Next Technology Holding Inc. | ||
| By: | /s/ Weihong LIU | |
| Name: | Weihong LIU | |
| Title: | Chief Executive Officer | |
Dated: September 26, 2025
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