Financing ·
On August 13, 2026, NextNRG, Inc. entered into a Securities Purchase Agreement to issue up to $27.2 million of Series…
NXXTNextnrg, Inc.
On August 13, 2026, NextNRG, Inc. entered into a Securities Purchase Agreement to issue up to $27.2 million of Series C Convertible Non-Voting Preferred Stock. At the initial closing, the company issued 1,000,000 shares for $9.2 million, partially funded by cancelling a $2 million senior secured convertible promissory note held by the investor. The preferred stock carries a stated value of $10 per share and accrues mandatory dividends at an annual rate of 12.5%, payable monthly in cash or common stock. Each share converts into common stock at an initial price of $0.75, subject to anti-dilution adjustments. The agreement includes registration rights requiring the company to file a resale registration statement within ten days and grants the investor voting support from other shareholders. NextNRG, Inc. operates in the renewable energy sector, focusing on solar power generation.