Every material Form 8-K NEXTNRG, INC. has filed with the SEC since October 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NextNRG, Inc. closed a debt exchange on November 3, 2026, in which CEO Michael D. Farkas exchanged $7,000,000 of notes, interest and guarantee fees for 7,000 shares of newly designated Series D Convertible Voting Preferred Stock. The company says this reduces indebtedness and supports its efforts to meet Nasdaq's $2.5 million stockholders' equity requirement, but the filing states that the exchange alone does not satisfy that requirement. The Series D shares accrue an 18% annual cumulative dividend, are convertible into common stock at an initial $2.20 price, and carry voting rights, which may dilute common shareholders.
Exchange covered $3,629,924 in note principal, $2,749,169 in accrued interest and $620,907 in guarantee fees, with the closing on November 3, 2026
7,000 Series D shares carry an initial stated value of $1,000 per share, with a cumulative dividend of 18% a year compounding monthly
Initial conversion price is $2.20 per share; conversion and voting are capped at 1,684,224 shares, or 9.99%, until the Cap Release Date
Nasdaq requires at least $2.5 million in stockholders' equity; the exchange alone does not satisfy that requirement, and the company awaits a Nasdaq Hearings Panel decision
NextNRG, Inc. filed a Certificate of Change with the Nevada Secretary of State to carry out a 1-for-10 reverse stock split of its common stock, effective 12:01 a.m. Eastern Time on October 30, 2026. The filing says the split reduces outstanding common shares from approximately 16.84 million to approximately 1.68 million and cuts authorized common shares from 500 million to 50 million, so each shareholder's share count falls tenfold while the company's authorized capital is reduced proportionally.
Every 10 shares of common stock will be combined into one share, effective 12:01 a.m. ET on October 30, 2026.
Outstanding common shares fall from approximately 16.84 million to approximately 1.68 million; authorized common shares fall from 500 million to 50 million.
New CUSIP number is 652941303; the stock continues to trade as NXXT on Nasdaq on a split-adjusted basis when the market opens October 30, 2026.
No fractional shares will be issued; fractional entitlements are rounded up to one whole share, and no cash will be paid for fractions.
NextNRG received a Nasdaq notice that its market value of listed securities stayed below the $35,000,000 minimum for 30 consecutive business days, and it does not meet the alternative equity or net income standards. The notice has no immediate effect on trading, and the company has until April 19, 2027 to regain compliance, but a separate delisting determination is under appeal before a Nasdaq Hearings Panel with no decision yet issued.
Nasdaq notice dated October 21, 2026 cites MVLS below $35,000,000 from September 9, 2026 through October 20, 2026.
Compliance deadline is April 19, 2027, under a 180-day period.
Company is appealing a September 15, 2026 delisting determination; hearing held October 22, 2026, and the Panel's written decision is pending.
Company effected a one-for-ten reverse split effective September 14, 2026.
On October 7, 2026, NextNRG completed its reincorporation from Delaware to Nevada under a plan approved by stockholders on December 29, 2025, and filed new Nevada charter documents and certificates of designation for its Series A, B and C convertible preferred stock. The company said the move did not change its business, management, assets, liabilities or net worth, and its common stock continues to trade on Nasdaq under NXXT. Shareholders should note that stockholder rights are now governed by Nevada law and the new Nevada bylaws.
Reincorporation effective October 7, 2026; each common share and preferred share converted one-for-one into the Nevada corporation's equivalent
Amended and Restated Voting Agreement dated October 7, 2026, effective September 30, 2026, terminates on the later of required approvals (other than the Split Authorization) or December 31, 2028
Series A preferred carries a $10.00 stated value and a 10% annual dividend paid in common stock; holders are capped at 9.99% beneficial ownership
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NEXTNRG, INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →