8-K
filed October 9, 2025, 7:59 PM ET
ticker NXXT
CIK 0001817004
debt
confidence high
sentiment neutral
materiality 0.50
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.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NEXTNRG, INC. issued convertible note to accredited investor for aggregate original principal amount of up to $11,800,000.
- Security
- convertible note
- Purchaser
- accredited investor
- Consideration
- aggregate original principal amount of up to $11,800,000
Exact text from the filing
the Company agreed to sell, and the Investor agreed to purchase (i) senior secured convertible notes of the Company, in the aggregate original principal amount of up to $11,800,000 (the “Notes”), which are convertible into shares of common stock, par value $0.0001 per share, of the Company (“Common Stock”), and (ii) warrants to purchase up to 3,000,000 shares of Common Stock, with an exercise price of $5.00 (the “Warrants).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NEXTNRG, INC. issued up to 300,000 shares of Common Stock of warrant to another accredited investor, who is a consultant of the Investor.
- Security
- warrant
- Shares
- up to 300,000 shares of Common Stock
- Purchaser
- another accredited investor, who is a consultant of the Investor
Exact text from the filing
the Company also agreed to issue to another accredited investor, who is a consultant of the Investor, due diligence notes, in the aggregate original principal amount of up to $1,180,000 (the “Due Diligence Notes”) and due diligence warrants to purchase up to 300,000 shares of Common Stock, subject to adjustment as provided in the due diligence warrants (the “Due Diligence Warrants”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NEXTNRG, INC. issued convertible note to another accredited investor, who is a consultant of the Investor for aggregate original principal amount of up to $1,180,000.
- Security
- convertible note
- Purchaser
- another accredited investor, who is a consultant of the Investor
- Consideration
- aggregate original principal amount of up to $1,180,000
Exact text from the filing
the Company also agreed to issue to another accredited investor, who is a consultant of the Investor, due diligence notes, in the aggregate original principal amount of up to $1,180,000 (the “Due Diligence Notes”)
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NEXTNRG, INC. issued up to 3,000,000 shares of Common Stock of warrant to accredited investor for exercise price of $5.00.
- Security
- warrant
- Shares
- up to 3,000,000 shares of Common Stock
- Purchaser
- accredited investor
- Consideration
- exercise price of $5.00
Exact text from the filing
the Company agreed to sell, and the Investor agreed to purchase (i) senior secured convertible notes of the Company, in the aggregate original principal amount of up to $11,800,000 (the “Notes”), which are convertible into shares of common stock, par value $0.0001 per share, of the Company (“Common Stock”), and (ii) warrants to purchase up to 3,000,000 shares of Common Stock, with an exercise price of $5.00 (the “Warrants).
View on SEC.gov
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