secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-08-14T21:56:59+00:00
Accession:  0001493152-26-038535
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226038535/0001493152-26-038535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226038535/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-038535

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