U.S. Securities and Exchange Commission (SEC)
Official Release: https://www.sec.gov/files/litigation/admin/2026/34-106284.pdf
NEWS:
The SEC's September 4, 2026 order, Release No. 34-106284, opened a proceeding under Section 12(j) of the Securities Exchange Act against NextPlay Technologies Inc. The order identifies NextPlay as a Nevada corporation located in Sunrise, Florida, with securities registered under Section 12(g). The last periodic report identified by the SEC is a Form 10-Q for the period ended November 30, 2022.
The SEC alleges that NextPlay repeatedly failed to meet its periodic reporting obligations and did not heed a delinquency letter from the Division of Corporation Finance—or may not have received it because the company did not maintain a valid address on file. The order says unsolicited quotations for its common stock, ticker NXTP, are submitted on OTC Link ATS.
The proceeding gives NextPlay an opportunity to answer the allegations and present defenses. The SEC will determine whether suspension of the securities' registration for up to 12 months or revocation is appropriate. The order initiates the case; it is not a final finding that the allegations are true.
KEY POINTS:
- SEC Release No. 34-106284, administrative file No. 3-22704, is dated September 4, 2026.
- The SEC alleges NextPlay has not filed periodic reports since its Form 10-Q for the period ended November 30, 2022.
- The order identifies the company as a Nevada corporation based in Sunrise, Florida; the stock ticker is NXTP.
- The alleged reporting violations concern Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
- Possible outcomes include suspension for up to 12 months or revocation of the securities' registration; the matter is pending.