NEXTNRG raises $6.4M in private placement, eliminates all convertible debt

Filed May 28, 2026 · Period ending May 25, 2026 · ~1 min read

Key Changes

• high

  Sold 10 million common shares at $0.64/share to institutional investor for $6.4M gross proceeds; transaction closed May 27, 2026

  Item 1.01 verify on EDGAR →
• high

  Company will use proceeds to eliminate all $2.4M of outstanding convertible debt, removing future dilution risk from debt conversions

  Item 1.01 verify on EDGAR →
• high

  Must file resale registration within 10 days; shares become freely tradable within 30-60 days, potentially creating selling pressure

  Item 1.01 verify on EDGAR →