NextNRG issues 1M shares to CEO Farkas at $1.67, cancels $1.67M debt

NEXTNRG, INC.

Issued 1,000,000 restricted shares to CEO and Executive Chairman Michael D. Farkas at $1.67 per share.
Purchase price paid by canceling $1,670,000 of outstanding debt owed by company to Farkas under five promissory notes from May-June 2025.
Shares issued in private placement exempt from registration under Section 4(a)(2); no shareholder approval required.
CEO Farkas continues in his roles as CEO and Executive Chairman of NextNRG.
Company reduces debt while increasing insider ownership; stock closed at $1.67 on issuance date.

item 1.01item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.