Highest-materiality recent filing
NextNRG closes $6.4M private placement of 10M shares at $0.64; will retire all convertible debt
Issued 10M shares at $0.64/share to a new institutional investor for gross proceeds of $6.4M.
NextNRG Q1 revenue up 29% to $21.1M, gross profit triples, but net loss widens to $10.8M
Revenue $21.1M, up 29% YoY; gross profit $1.71M, more than tripled from $518K.
NextNRG enters $1M venture debt at ~203% APR; CEO personally guarantees
Loan principal $1M, net proceeds $930k after $70k origination fee; total repayment $1.45M.
NextNRG raises $500K via two secured convertible notes with variable pricing and onerous terms
Issued $275K note to Agile Hudson Partners for $250K net; 10% OID plus 50,000 commitment shares.
NextNRG FY2025 revenue $81.8M (+195% YoY); adjusted EBITDA $17.1M (+91%)
Revenue reached $81.8M, up 195% from $27.8M in FY2024, driven by Mobile Fuel Delivery platform expansion.
NextNRG secures ~$2.3M in high-cost secured debt; includes convertible note and term loan
Issued $1.724M senior secured convertible note to Leviston at 10% interest, maturing Oct 1, 2026; purchase price $1.552M after $172,444 OID.
NextNRG receives Nasdaq bid price deficiency notice; 180 days to regain compliance
Received written notice from Nasdaq on March 16, 2026 for failing to maintain $1.00 minimum bid price over 30 consecutive business days.
NextNRG issues 3.18M shares to retire $1.75M note; enters receivables sale for $2.1M
Sold 3,181,818 common shares at $0.55/share to Cheetah Capital in exchange for canceling a $1,750,000 promissory note due from July 2025.
NextNRG raises $500k in private placement of 462,962 shares at $1.08/share
Sold 462,962 shares of common stock at $1.08/share for total proceeds of $500,000 on Jan. 20, 2026.
NextNRG subsidiary sued by lender for default on $5M promissory note
Original $5M promissory note dated Dec 16, 2024, matured March 31, 2025, extended to Nov 1, 2025.
NextNRG issues 1M restricted shares to CEO at $1.04 to settle $1.04M interest debt
1,000,000 restricted shares issued to CEO Michael D. Farkas at $1.04 per share.
NextNRG enters two 28-year solar+storage PPAs with California nursing facilities
Sunnyside PPA: 409 kW solar + 300 kW/1,200 kWh battery, 28-year term, anticipated COD Oct 30, 2026.
NextNRG closes third tranche of $11.8M convertible note financing; receives $2.5M gross proceeds
Third closing on Nov 12, 2025: issued $2.95M senior secured convertible notes (conversion price $1.688) and warrants for 750k shares.
NextNRG Q3 revenue surges 232% YoY to $22.9M; net loss widens to $14.9M on stock-based comp
Revenue $22.9M vs $6.9M YoY; gross margin improved to 11% from 8% in Q2 2025.
NextNRG issues 1M shares to CEO Farkas at $1.67, cancels $1.67M debt
Issued 1,000,000 restricted shares to CEO and Executive Chairman Michael D. Farkas at $1.67 per share.
NextNRG reports August revenue $7.51M, +222% YoY; YTD revenue nearly doubles FY2024 total
Revenue $7.51M, up 222% YoY from $2.33M in Aug 2024.
NextNRG signs up to $11.8M convertible note and warrant deal; initial close $2.95M
Initial closing: $2.95M principal notes ($2.5M net after 18% OID), warrants for 750K shares at $5.
NextNRG reports Q2 revenue up 166% to $19.7M; net loss $36.1M includes $25.5M stock comp
Net loss $36.1M vs $5.6M; operating loss $30.8M includes $25.5M non-cash stock compensation.
1,250,000 restricted shares vesting over 12 months: 416,667 immediate, 416,667 at 6 months, 416,667 at 12 months.
NextNRG reports July 2025 revenue of $8.19M, up 236% YoY, seventh record month
July 2025 revenue of $8.19M, up 236% YoY and 17% sequentially, seventh consecutive record month.
NextNRG issues 1.08M shares to cancel $2.325M debt; new $2M note at 18% interest
Issued 1,081,395 restricted shares at $2.15/share to settle $2,325,000 debt owed under a March 2025 agreement.
NextNRG secures $3M in loans with interest shares and pledged stock collateral
Entered loan agreements with two Lenders for $1.5M each; total $3.0M on June 27, 2025.
NextNRG reports May 2025 revenue $6.6M (+148% YoY); YTD revenue exceeds full-year 2024
Revenue of $6.6M in May 2025, up 148% year-over-year.
NextNRG enters $899K equipment lease and $436K promissory note from CEO
Entered equipment lease with Equify Financial for $899,640 total cost; 36-month term with monthly payments of $27,886 initially, then $27,790.
NextNRG added to Russell 2000 and Russell 3000 indexes, effective June 27
NextNRG (NXXT) will be included in the Russell 2000 and Russell 3000 indexes after market close on June 27, 2025; trading begins June 30.
NextNRG Q1 revenue $16.3M, up 147% YoY; April preliminary $5.82M
Revenue $16.3M, +147% YoY; gross profit $518K, +12%; gallons delivered 4.7M, +183%.
NextNRG preliminary April revenue $5.82M, up 154% YoY; gallons up 207%
Revenue of $5.82 million for April 2025, up 154% year-over-year from $2.29M.
NextNRG enters into two promissory notes with CEO for $712,000 at 12% interest
Michael D. Farkas, CEO and majority shareholder, lends $600,000 (May 5 Note) and $112,000 (May 9 Note) for working capital.
NextNRG reports March revenue up 161% YoY to $6.15M; Q1 revenue up 146% to $16.2M
March revenue $6.15M vs $2.35M YoY (+161%); gallons delivered 1.8M (+210%).
NextNRG enters $500K merchant cash advance and $1M promissory note at 15% interest
Sold $699,500 in future receivables to Wynwood Capital Group for $500,000 (less $15,000 origination fee); 9.72% weekly debit.
February revenue $5.09M, up 139% YoY from $2.1M; gallons delivered 1.44M, up 166% YoY.
NextNRG FY2024 revenue up 20% to $27.8M; gross profit jumps 64% to $2.3M
FY2024 revenue $27.8M vs $23.2M in 2023, a 20% increase.
NextNRG reports 136% YoY revenue growth in EzFill division for January 2025
Jan 2025 revenue $4.99M vs Jan 2024 $2.11M, a 136% increase (unaudited).
NextNRG completes share exchange with EzFill, raises $15M, appoints new CEO and CFO
Completed acquisition of NextNRG Holding Corp., issuing 100M shares (50M vested, 50M restricted) to shareholders.
Michael D. Farkas (aged 52) was appointed Chief Executive Officer and Executive Chairman of the Company
Joel Kleiner (aged 36) was appointed Chief Financial Officer of the Company.
Yehuda Levy ceased to be the Company’s Interim Chief Executive Officer.
Max materiality 0.85 · Median 0.60 · Most common event other_material