NextNRG enters USD 27.2 million private placement for Series C convertible preferred shares

• NextNRG entered a private placement with an institutional investor to sell up to 3,000,000 Series C Convertible Non-Voting Preferred shares for USD 27.2 million.
• Initial closing on Aug. 13, 2026 issued 1,000,000 Series C shares for USD 9.2 million; included cancellation of a USD 2 million senior secured convertible note.
• Deal allows additional closings for up to 2,000,000 more Series C shares over two years, subject to trading thresholds and other conditions.
• Series C is convertible into common stock; company must file a resale registration statement within 10 days, target effectiveness within 30 days.
• Missed registration deadlines trigger liquidated damages of 1.5% of the investor’s aggregate stated value, accruing every 30 days until cured.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-038535), on August 17, 2026, and is solely responsible for the information contained therein.