NextNRG issues 1.08M shares to cancel $2.325M debt; new $2M note at 18% interest

NEXTNRG, INC.

Issued 1,081,395 restricted shares at $2.15/share to settle $2,325,000 debt owed under a March 2025 agreement.
Executed $2,000,000 promissory note on July 15, 2025; 18% fixed interest, 5% OID, matures March 11, 2026.
Note requires $125,000 monthly payments starting Aug 15, 2025; Company elected to pay $360,000 interest in 197,802 restricted shares at ~$1.82/share.
Both share issuances were private placements exempt from registration under Section 4(a)(2) of the Securities Act.
Proceeds from note used for working capital; debt extinguishment reduces liabilities by $2.325M.

item 1.01item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.