secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-10-08T00:42:49+00:00
Accession:  0001493152-26-046192
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NextNRG completes Delaware-to-Nevada reincorporation; files Series A/B/C preferred designations with 10-12.5% dividends
--------------------------------------------------------------------------------

- Reincorporation from Delaware to Nevada became effective Oct 7, 2026; each Delaware share converted 1-for-1 into NextNRG Nevada common; Nasdaq symbol remains NXXT.
- Filed Certificates of Designation for Series A, B and C convertible preferred; Series A pays 10% dividend, Series B 12%, Series C 12.5% (rises to 18% on Mandatory Redemption/Trigger Event).
- Series C authorizes up to 3,000,000 shares; initial conversion price $7.50; ranks senior to common and Series A/B; includes full-ratchet anti-dilution and 25% Stated Value increase on Trigger Events.
- Amended Voting, Support and Standstill Agreement effective Sept 30, 2026 terminates on later of all required stockholder approvals (other than Split Authorization) and Dec 31, 2028.
- Series C holders can elect alternate conversion at lower of Conversion Price or 95% of 15-day VWAP (80% during Trigger Event); mandatory redemption at 125% of Stated Value plus accrued dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046192/0001493152-26-046192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226046192/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer