Business Context and Reporting Period
Company: NEXTNRG, INC. (NXXT)
Filing Type: Form 8-K (Current Report)
Date of Report: September 10, 2026
Event Date: September 14, 2026 (Effective date of Reverse Split)
Context: The Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect a one-for-ten (1-for-10) reverse stock split.
Key Financial Metrics
This filing is a corporate action report and does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The filing text does not provide a clear value for these metrics.
Material Changes
- Share Count Reduction: The number of outstanding shares of Common Stock was reduced from approximately 168.4 million shares to approximately 16.8 million shares.
- Trading Symbol: The stock continued to trade under the existing symbol "NXXT" on The Nasdaq Stock Market LLC.
- Par Value: No change in the par value per share ($0.0001).
- Fractional Shares: No fractional shares were issued; fractional entitlements were rounded up to the next highest whole number at the participant level.
- Derivatives Adjustment: Proportionate adjustments were made to all outstanding options and warrants regarding share counts and exercise prices.
- CUSIP Update: The new CUSIP number for the Common Stock is 652941204.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, management commentary on future outlook, or a discussion of risks and contingencies beyond the mechanics of the reverse split. The primary purpose of the filing was to disclose the amendment to the Articles of Incorporation and the resulting change in capital structure.
Investor Verification Checklist
- Verify the post-split share count of approximately 16.8 million shares in brokerage accounts.
- Confirm the updated CUSIP number (652941204) for trading and settlement purposes.
- Review the adjusted exercise prices and share quantities for any held options or warrants.
- Check for any rounding adjustments applied to fractional share entitlements.
- Monitor the stock price performance on The Nasdaq Stock Market LLC following the September 14, 2026, effective date.