secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001493152-25-017615
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

NextNRG completes second closing of $1.25M convertible note offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315225017615/0001493152-25-017615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315225017615/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-017615

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