secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K/A
Filed at:   2026-10-07T21:00:14+00:00
Accession:  0001493152-26-046163
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NextNRG amends Series C preferred financing, adds mandatory closings tied to $500,000 volume and $40M market cap
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- Amendment dated September 30, 2026 modifies the August 13, 2026 Securities Purchase Agreement and Certificate of Designation for NextNRG's Series C Convertible Non-Voting Preferred Stock.
- Additional mandatory closings require $500,000 daily dollar trading volume, VWAP above 200% of Floor Price, market cap above $40,000,000, and no more than $2,500,000 stated value outstanding.
- Company may force additional mandatory closings only if closing price exceeds $10.50 and no Equity Conditions Failure or Trigger Event exists; one notice per 30 trading days.
- Leak-out limits buyers to greater of $100,000 or 15% of daily dollar trading volume per trading day, with no daily limit during a Mandatory Redemption Event or Trigger Event.
- NextNRG must obtain stockholder approval by October 15, 2026 and file a preliminary information statement by November 30, 2026; split authorization covers reverse splits of 5-for-1 up to 35-for-1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046163/0001493152-26-046163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046163/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046163

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