Nextnrg, INC. 8-K Filing
Ticker: NXXT · Form: 8-K · Filed: Nov 18, 2025 · CIK: 1817004
Sentiment: neutral
Filing Stats: 1,482 words · 6 min read · ~5 pages · Grade level 15.3 · Accepted 2025-11-18 16:53:38
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share NXXT Nasdaq Ca
- $11,800,000 — gate original principal amount of up to $11,800,000 (the "Notes"), which are convertible in
- $5.00 — Common Stock, with an exercise price of $5.00 (the "Warrants). In connection with the
- $1,180,000 — gate original principal amount of up to $1,180,000 (the "Due Diligence Notes") and due dil
- $2,950,000 — es in the aggregate principal amount of $2,950,000, Warrants to purchase up to 750,000 sha
- $295,000 — es in the aggregate principal amount of $295,000 and Due Diligence Warrants to purchase
- $2,500,000 — "Initial Closing").The Company received $2,500,000 gross proceeds at the Initial Closing,
- $1.688 — Company at the Third closing, which is $1.688 per share of Common Stock, all other te
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex5-1.htm (EX-5.1) — 15KB
- ex5-1_001.jpg (GRAPHIC) — 5KB
- 0001493152-25-024085.txt ( ) — 237KB
- nxxt-20251112.xsd (EX-101.SCH) — 3KB
- nxxt-20251112_lab.xml (EX-101.LAB) — 33KB
- nxxt-20251112_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
03 Creation of a Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. As previously disclosed, on September 8, 2025, NextNRG, Inc. (the "Company") entered into securities purchase agreement (the "Purchase Agreement"), with an accredited investor (the "Investor"). Pursuant to the Purchase Agreement, the Company agreed to sell, and the Investor agreed to purchase (i) senior secured convertible notes of the Company, in the aggregate original principal amount of up to $11,800,000 (the "Notes"), which are convertible into shares of common stock, par value $0.0001 per share, of the Company ("Common Stock"), and (ii) warrants to purchase up to 3,000,000 shares of Common Stock, with an exercise price of $5.00 (the "Warrants). In connection with the transaction contemplated in the Purchase Agreement, the Company also agreed to issue to another accredited investor, who is a consultant of the Investor, due diligence notes, in the aggregate original principal amount of up to $1,180,000 (the "Due Diligence Notes") and due diligence warrants to purchase up to 300,000 shares of Common Stock, subject to adjustment as provided in the due diligence warrants (the "Due Diligence Warrants"). The initial closing was on September 8, 2025, where the Company issued Notes in the aggregate principal amount of $2,950,000, Warrants to purchase up to 750,000 shares of Common Stock, Due Diligence Notes in the aggregate principal amount of $295,000 and Due Diligence Warrants to purchase up to 75,000 shares of Common Stock (the "Initial Closing").The Company received $2,500,000 gross proceeds at the Initial Closing, which reflects an original issue discount of 18% on the Notes. As also previously disclosed, on October 3, 2025 and on October 22, 2025, the Company and the Investor consummated an additional closing and the Company issued Notes in the aggregate principal amount of $2,950,000, Warrants to purchase up to 750,000 shares of Common