secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0001493152-25-024085
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNRG closes third tranche of $11.8M convertible note financing; receives $2.5M gross proceeds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315225024085/0001493152-25-024085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315225024085/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-024085

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