Next Technology Holding Inc. announces 200-in-1 reverse split, reducing the number of shares to 2.83 million shares

According to PANews, Next Technology Holding Inc. announced that it will implement a 200-in-1 reverse split on September 16, and the outstanding shares will be reduced from about 566 million shares to about 2.83 million shares. After the stock split, the stock will be traded at the adjusted price on the Nasdaq at the new CUSIP number 961884301, and no fragments will be generated. The company's authorized share capital and face value remain unchanged, and shareholders do not need to operate, and the relevant changes will be automatically reflected in the account. The company's quarterly report released last month showed that net income in the first half of 2025 reached US$312 million, a year-on-year increase of 2373%, mainly driven by the fair value gains in digital assets. The company's Bitcoin holdings increased from 833 at the end of last year to 5,833, and 5,000 Bitcoins were acquired through issuing shares and paying cash during the period. As of June 30, the company's cash and digital assets totaled approximately US$633 million.