NextNRG closes initial $9.2M Series C preferred financing; up to $27.2M

NEXTNRG, INC.

Initial closing: 1,000,000 Series C preferred shares sold for $9.2M; $2M paid by cancelling $2M senior secured convertible note.
Series C pays 12.5% annual dividend, convertible at $0.75/share initially, with full-ratchet anti-dilution.
Up to 2,000,000 additional shares available at additional closings over 2 years, subject to conditions.
Company filed Certificate of Designation; entered Registration Rights and Voting/Standstill agreements.
Note from July 24, 2026 cancelled; security interest released.

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