According to ChainCatcher, as shown in an announcement by the US SEC, the US-listed company Next Technology Holding Inc. (NXTT) has submitted an S-3 registration statement to the US Securities and Exchange Commission, proposing to issue up to $500 million in common stock through a shelf registration process.
The company plans to use the raised funds for general corporate purposes, including working capital, research and development expenses, potential mergers and acquisitions, and the purchase of bitcoin, among other uses, which have not yet been finalized.