NEXTNRG, INC. (NXXT): debt financing — NextNRG closes third tranche of $11.8M convertible note financing; receives $2.5M gross proceeds

NEXTNRG, INC.

Third closing on Nov 12, 2025: issued $2.95M senior secured convertible notes (conversion price $1.688) and warrants for 750k shares.
Gross proceeds of $2.5M, reflecting 18% original issue discount on notes.
Aggregate principal amount of Notes issued to date: $8.85M out of $11.8M total commitment.
Warrants have exercise price of $5.00 per share; Due Diligence Notes of $295k also issued.
Shares underlying third closing notes and warrants registered via prospectus supplement filed Nov 18.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEXTNRG, INC. incurred senior notes of the aggregate original principal amount of up to $11,800,000 with an accredited investor.

Instrument: senior notes
Principal: the aggregate original principal amount of up to $11,800,000
Counterparty: an accredited investor
Event: incurrence

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

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311 debt financings filed in the last 30 days. Browse all debt financings →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-024085

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