# NEXTNRG, INC. (NXXT) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_e7e65ca93772682abbd5 · retrieved 2026-08-11T15:48:45.715Z

## Overview
NextNRG, Inc. is a Delaware corporation engaged in retail auto dealers and gasoline stations operations.

NextNRG, Inc. entered into a securities purchase agreement with an institutional investor on July 24, 2026, to issue a senior secured convertible note with an original principal amount of $2,000,000. The note bears interest at 12% per annum and matures on October 24, 2026, with a conversion price of $0.75 per share. The company received gross proceeds of approximately $1.8 million at closing. The note is secured by substantially all of the company's assets and guaranteed by its subsidiaries. The maturity date may be extended for an additional three months by mutual written consent or at the investor's option.

## Terms
- Counterparty: Institutional investor · Deal value: $2.0M · Consideration: cash · Price/share: $0.75

## Key dates
- Announced 2026-07-29 · Expiry 2026-10-24

## Timeline
- 2026-07-29 · 8-K (0001493152-26-035221): 8-K - NEXTNRG, INC. — *NextNRG, Inc. is a Delaware corporation engaged in retail auto dealers and gasoline stations operations.* NextNRG, Inc. entered into a securities purchase agreement with an institutional investor on July 24, 2026, to issue a senior secured convertible note with an original principal amount of $2,000,000. The note bears interest at 12% per annum and matures on October 24, 2026, with a conversion price of $0.75 per share. The company received gross proceeds of approximately $1.8 million at closing. The note is secured by substantially all of the company's assets and guaranteed by its subsidiaries. The maturity date may be extended for an additional three months by mutual written consent or at the investor's option.
  https://www.sec.gov/Archives/edgar/data/1817004/0001493152-26-035221.txt

## Citations
- 0001493152-26-035221 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226035221