Business Context and Reporting Period
Company: NEXTNRG, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: September 15, 2026
Reporting Period: Event-based report regarding Nasdaq delisting proceedings and a reverse stock split.
Key Financial Metrics
The filing does not provide specific financial statements, revenue, profit, cash flow, or debt figures. The only financial metric disclosed is the stock price status relative to Nasdaq listing requirements:
- Minimum Bid Price Requirement: $1.00 per share.
- Stock Price Status: The closing bid price was below $1.00 for 30 consecutive business days prior to March 16, 2026, and remained non-compliant as of September 15, 2026.
- Stockholders' Equity: The filing states the Company lacks the stockholders' equity required to meet initial listing standards, preventing a second 180-day compliance period.
Material Changes
- Delisting Notice: On September 15, 2026, Nasdaq issued a Delisting Notice due to the Company's failure to regain compliance with the Minimum Bid Price Requirement by the September 14, 2026 deadline.
- Reverse Stock Split: A one-for-ten (1-for-10) reverse split of outstanding common stock became effective at 12:01 a.m. on September 14, 2026. Following this action, the stock began trading above the $1.00 minimum bid price.
- Listing Status: The Company is currently ineligible for a second compliance period due to insufficient stockholders' equity.
Outlook, Risks, and Management Commentary
- Appeal Process: The Company intends to request a hearing before the Nasdaq Hearings Panel by September 22, 2026. This request will automatically stay the delisting action pending the Panel's decision.
- Trading Continuity: During the appeal process, the common stock will continue to be listed and trade on Nasdaq.
- Uncertainty: Management states there can be no assurance that the Panel will grant the request for continued listing or that the Company will be able to maintain compliance with the Minimum Bid Price Requirement following the reverse split.
Investor Verification Checklist
- Verify the outcome of the Nasdaq Hearings Panel decision regarding the delisting appeal.
- Confirm whether the stock price remains above the $1.00 minimum bid requirement post-reverse split.
- Review the Company's most recent Form 10-K or 10-Q to assess the specific stockholders' equity deficit cited by Nasdaq.
- Monitor for any further filings regarding the effectiveness of the reverse split on share count and liquidity.