regulatory
confidence high
sentiment negative
materiality 0.88
NextNRG suspended from Nasdaq Nov 12; stock now quoted on OTC Markets as NXXT
NEXTNRG, INC.
- Nasdaq Hearings Panel denied NextNRG's request to keep listing; trading suspended at the open on Nov 12, 2026, postponed one day from Nov 11.
- Postponement came because Nasdaq believed the Series C preferred conversion price was $1.35/share; the actual conversion price is $13.50/share.
- Prior notices: March 16, 2026 for failing the $1.00 minimum bid price rule and Oct 21, 2026 for missing the $35M market value of listed securities standard.
- Common stock began quoting on OTC Markets under symbol "NXXT" on Nov 12, 2026; company says the suspension does not affect operations.
- NextNRG filed for Panel reconsideration and intends to seek Listing Council review, but neither request stays the suspension and no outcome is assured.
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