NXTP - NextPlay Technologies announces $15M investment commitment for NextFintech

• NextPlay Technologies ( NASDAQ: NXTP ) on Thursday announced a binding commitment for $15M investment into its NextFintech division from an institutional investor.
• The commitment includes purchase of NextFintech shares at a pre-money valuation of $150M, warrants to buy shares in NextPlay ( NXTP ) beneficially owned by NextBank, and an option to convert said NextFintech shares into up to an 18.8% stake in NextBank.
• Nithinan Boonyawattanapisut, NextPlay’s principal executive officer.
• "Over the next 6 months, we will focus our resources on achieving group profitability via the NextFintech division," said Nithinan Boonyawattanapisut, principal executive officer, NextPlay ( NXTP ).
• The NextFintech division is comprised of NextBank International, NextShield and Longroot.

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