secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-10-06T21:28:12+00:00
Accession:  0001493152-26-046023
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NextNRG Amends Series C Preferred Financing and Appeals Nasdaq Delisting
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- NextNRG and an institutional Buyer amended the August 13, 2026 Securities Purchase Agreement covering up to 3,000,000 Series C preferred shares and a $27.2 million aggregate purchase price.
- The Sept. 30, 2026 amendment supports a Delaware-to-Nevada redomestication; additional closing requires VWAP above 200% of the Floor Price and highest Conversion Price, plus stockholder approval.
- The Certificate of Designation must be filed in Nevada by October 7, 2026; Trigger Events automatically raise stated value by 25%, then 10% every 30 days while continuing.
- Nasdaq Staff issued a delisting determination on September 18, 2026; a hearing is scheduled for October 22, 2026, staying suspension pending the Panel's decision.
- Series C dividends may be paid in common stock, cash, or stated-value increases, but common stock dividends are barred during an Equity Condition Failure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046023/0001493152-26-046023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046023/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046023

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