NextNRG completes second closing of $1.25M convertible note offering

NEXTNRG, INC.

Issued $1.475M in senior secured convertible notes and warrants for 375K shares at $5.00 exercise price.
Gross proceeds of $1.25M received, reflecting 18% original issue discount on the notes.
Conversion price for notes issued at second closing is $1.92 per share.
Combined with initial September closing, total raised so far is $3.75M from $11.8M facility.
Due diligence notes and warrants totaling $147.5K principal and 37.5K warrants also issued.

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