NEXTNRG, INC. 8-K
Research Summary
AI-generated summary
NEXTNRG, Inc. Enters Stock Purchase Agreements for $500K
What Happened
NEXTNRG, Inc. (NXXT) announced in an 8-K that it entered into two Stock Purchase Agreements with an investor on January 28 and January 29, 2026. Under the January 28 agreement the company sold 368,421 shares for $350,000 (at $0.95 per share), and under the January 29 agreement it sold 154,639 shares for $150,000 (at $0.97 per share). The agreements include customary representations, warranties and covenants.
Key Details
- Total shares sold: 523,060 common shares.
- Total proceeds: $500,000 (368,421 shares for $350,000; 154,639 shares for $150,000).
- Trade dates: January 28, 2026 and January 29, 2026.
- The full Stock Purchase Agreements are filed as Exhibits 10.1 and 10.2 to the 8-K.
Why It Matters
This filing documents a small-cap equity financing that raises $500K for NEXTNRG and increases outstanding common shares by 523,060 — which can have a modest dilutive effect on existing shareholders. The company did not disclose use of proceeds in the 8-K; investors should review the filed agreements (Exhibits 10.1 and 10.2) for full terms and monitor future filings for how the funds will be used.