debt
confidence high
sentiment neutral
materiality 0.55
NextNRG closes additional $1.25M tranche of convertible notes and warrants at $1.82 conversion price
NEXTNRG, INC.
- Issued additional $1.475M in senior secured convertible notes and warrants for 375,000 shares; gross proceeds $1.25M (18% OID).
- Conversion price of new notes set at $1.82 per share; all other terms per Sept 8, 2025 Purchase Agreement.
- Cumulative notes issued total $5.9M out of $11.8M maximum under agreement; warrants for 1.5M shares issued so far.
- Shares underlying conversion/exercise registered under existing S-3 shelf prospectus supplement.