NextNRG issues $2M senior secured convertible note at 12% interest, convertible at $0.75/share

NEXTNRG, INC.

Issued $2,000,000 senior secured convertible note to institutional investor; gross proceeds ~$1.8M.
Note bears 12% annual interest, matures October 24, 2026, with possible 3-month extension.
Conversion price fixed at $0.75 per share; note secured by substantially all company assets.
Proceeds to be used for general corporate purposes and working capital.
Investor granted right of participation in 100% of any subsequent placements while note outstanding.

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