secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-10-27T20:33:14+00:00
Accession:  0001493152-26-048715
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NextNRG gets Nasdaq MVLS notice; fails all three continued-listing standards with delisting appeal pending
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- Nasdaq notice dated Oct. 21, 2026: market value of listed securities below the $35M minimum (Rule 5550(b)(2)) for 30 straight business days, Sept. 9 through Oct. 20, 2026.
- Company also fails both alternatives: $2.5M stockholders' equity (5550(b)(1)) and $500K net income (5550(b)(3)); has 180 days, until April 19, 2027, to regain compliance.
- Compliance returns if MVLS closes at $35M or more for 10 consecutive business days; Nasdaq may discretionarily require up to 20 days.
- Earlier $1.00 bid-price deficiency (March 16, 2026 notice) prompted a Sept. 15, 2026 delisting determination; 1-for-10 reverse split took effect Sept. 14, 2026.
- Nasdaq Hearings Panel hearing was held Oct. 22, 2026; no final written decision yet, and the Panel may weigh the MVLS deficiency. No assurance listing is kept.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226048715/0001493152-26-048715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226048715/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-048715

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