Financing ·
NextNRG, Inc. entered into a securities purchase agreement on July 24, 2026, issuing a senior secured convertible note…
NXXTNextnrg, Inc.
NextNRG, Inc. entered into a securities purchase agreement on July 24, 2026, issuing a senior secured convertible note with an aggregate principal amount of $2,000,000 to an institutional investor. The company received gross proceeds of approximately $1.8 million for general corporate purposes and working capital. The note bears interest at 12% per annum, matures on October 24, 2026, and is convertible into common stock at a fixed price of $0.75 per share. At maturity, the company must pay a payment premium equal to 50% of the outstanding principal plus all accrued interest. The note is secured by substantially all assets of the company and its subsidiaries. NextNRG, Inc. operates in the renewable energy sector.