Next Technology Plans $500 Million Common Stock Offering; Shares Fall

MT Newswires Live

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Next Technology (NXTT) shares were down about 16% in recent Tuesday trading, a day after the company said in a regulatory filing that it planned to offer and sell up to $500 million of its common shares from time to time.

The company intends to use the net proceeds for general corporate purposes, including bitcoin acquisition, Next Technology said in its Form S-3 filed with the US Securities and Exchange Commission.

Next Technology currently holds 5,833 bitcoins, according to BitcoinTreasures.net.

Price: 24.20, Change: -4.60, Percent Change: -15.97

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