NextNRG, Inc. operates as an AI-driven energy-tech company. The company operates through two segments, Energy Infrastructure and Mobile Fuel Delivery. The Energy Infrastructure segment focuses on the development, deployment, and operation of AI/ML-powered smart microgrids, solar energy systems, battery storage, and wireless EV charging solutions. It serves commercial, industrial, municipal, and tribal customers. The Mobile Fuel Delivery segment provides on-demand fuel delivery services through a fleet of fuel trucks. This segment serves commercial fleets and other customers. The company is headquartered in Miami Beach, Florida.
NextNRG Amends Series C Preferred Stock; Expects Approximately $9.0 Million to Be Reclassified to Stockholders' Equity
NextNRG amended its Series C Convertible Non-Voting Preferred Stock on September 30, 2026, removing the holder's optional redemption right, which should allow approximately $9.0 million to be reclassified from mezzanine to stockholders' equity.
The reclassification is intended to bolster stockholders' equity as the company presents its compliance plan to the Nasdaq Hearings Panel following a September 18, 2026 delisting determination letter; delisting action is stayed pending the hearing.
The amendment also requires updated stockholder approval, conforms terms to the anticipated Nevada redomestication and the recent 1-for-10 reverse split, and remains subject to completion of the company's accounting analysis and auditor review.