NextNRG, Inc. Announces 1-for-10 Reverse Stock Split

What Happened

• NextNRG, Inc. filed a Certificate of Amendment on September 10, 2026 and effected a one-for-ten (1-for-10) reverse split of its common stock effective 12:01 a.m. Eastern Time on September 14, 2026. Every ten shares of common stock were automatically converted into one share, and the company began trading on a post-split basis under its existing ticker, NXXT, when the market opened on September 14, 2026. The filing also includes a press release dated September 10, 2026.

Key Details

• Reverse split ratio: 1-for-10, effective 12:01 a.m. on September 14, 2026.
• Outstanding shares reduced from ~168.4 million to ~16.8 million.
• No fractional shares will remain; fractional entitlements are rounded up to the next whole share at the participant level.
• Proportionate adjustments were made to all outstanding options and warrants; new CUSIP for post-split common stock is 652941204.

Why It Matters

• The reverse split reduces the number of shares outstanding and will result in a proportionate increase in the share price (post-split), while each holder’s percentage ownership remains the same.
• Adjustments to options and warrants preserve the economic terms of those instruments on a post-split basis.
• Investors should note the new CUSIP and expect their holdings and any option/warrant positions to reflect the new share counts and exercise prices; no change to the company’s trading symbol (NXXT).
• The company provided a press release (Exhibit 99.1) and the Certificate of Amendment (Exhibit 3.1) with the 8-K for additional details.