other material
confidence high
sentiment neutral
materiality 0.30
NextNRG issues 260,000 shares to CEO Farkas in exchange for debt forgiveness of $100,360
NEXTNRG, INC.
- Issued 260,000 shares to CEO Michael D. Farkas at $0.386/share, aggregate $100,360.
- Farkas absolved company of $100,360 in liabilities under a March 2024 promissory note.
- The promissory note is terminated upon issuance of the shares.
- Transaction approved by Board; shares issued as restricted stock under exemption from registration.