NextNRG enters USD 27.2 million private placement for Series C convertible preferred shares

NextNRG entered a private placement with an institutional investor to sell up to **3,000,000** Series C Convertible Non-Voting Preferred shares for **USD 27.2 million**. The initial closing on **Aug. 13, 2026** issued **1,000,000** Series C shares for **USD 9.2 million** and included the cancellation of a **USD 2 million** senior secured convertible note. The deal allows additional closings for up to **2,000,000** more Series C shares over two years, subject to trading thresholds and other conditions. The Series C shares are convertible into common stock. The company must file a resale registration statement within **10 days** and target effectiveness within **30 days**. Missed registration deadlines trigger liquidated damages of **1.5%** of the investor’s aggregate stated value, accruing every **30 days** until cured.

Private placement terms and initial closing

Additional closings and registration requirements

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Sources

NextNRG enters USD 27.2 million private placement for Series C convertible preferred shares

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