nextplay technologies inc shares were up 82 to 36 cents thursday after the company said it entered into a binding commitment for a 15 million strategic investment in its nextfintech division from an institutional investor the company said the investment commitment consists of the purchase of shares of common stock in nextfintech at a premoney valuation of 150 million for nextfintech warrants to buy shares in nextplay beneficially owned by nextbank and an option to convert said nextfintech shares into up to an 188 equity interest in nextbank nextplays nextfintech division is made up of nextbank international an online bank operating in puerto rico and serving primarily international clients nextshield digital insurance and reinsurance operations expected to launch in 2023 and longroot a digital asset portal operating in thailand the stock closed wednesday down 8 and is down 58 year to date