NextNRG Amends Preferred Stock Terms to Support Nasdaq Listing Compliance

Key Facts

1NextNRG amended its Series C Preferred Stock to remove the holder's optional redemption right.

2The company expects approximately $9.0 million to be reclassified to stockholders' equity to support Nasdaq listing compliance.

NextNRG amended its Series C Preferred Stock to remove the holder's optional redemption right, GlobeNewswire reported. The company expects to reclassify approximately $9.0 million to stockholders' equity, a move designed to support compliance with Nasdaq's listing rules regarding minimum equity requirements for continued trading.

NXXT closed at $0.6529 on October 6, 2026, with the stock trading between a low of $0.6365 and a high of $0.6673 during that session. These structural adjustments are part of the company's efforts to strengthen its balance sheet and address previous delisting risks.