NextNRG Announces 1-for-10 Reverse Stock Split

NextNRG will consolidate its common shares at a 1-for-10 ratio, sharply lowering the outstanding share count from mid-September 2026.

Rhea-AI Summary

NextNRG (NXXT) will implement a 1-for-10 reverse stock split of its common stock effective September 14, 2026 at 12:00 a.m. Eastern Time.

The stock will continue trading on Nasdaq under “NXXT” on a split-adjusted basis from the market open that day, with a new CUSIP of 652941204. Every 10 issued and outstanding shares will be reclassified into 1 share, reducing outstanding common shares from approximately 168.4 million to approximately 16.8 million, before rounding adjustments.

News Explained

Existing holders receive fewer shares at a proportionally higher per-share denomination, while the split itself does not change company value.

For existing holders, the scheduled reverse split consolidates each 10 common shares into one, producing fewer shares and a proportionally higher per-share price; the split itself does not change company value.

The adjustment also applies to shares issuable under outstanding options and warrants and upon conversion of outstanding convertible securities; fractional entitlements will be rounded up to the next whole share.

Key Figures

Reverse split ratio: 1-for-10 Effective date: September 14, 2026 at 12:00 a.m. ET Outstanding shares before split: Approximately 168.4 million shares +1 more

Reverse split ratio

1-for-10

Common stock reverse stock split

Effective date

September 14, 2026 at 12:00 a.m. ET

Reverse stock split becomes effective

Outstanding shares before split

Approximately 168.4 million shares

Before the reverse stock split

Outstanding shares after split

Approximately 16.8 million shares

After the reverse stock split, without rounding

Key Terms

reverse stock split, cusip number, convertible securities

3 terms

reverse stock split financial

"will effect a 1-for-10 reverse split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip number financial

"The new CUSIP number for the common stock"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

convertible securities financial

"upon conversion of outstanding convertible securities"

Convertible securities are bonds or preferred shares that can be exchanged for a company’s common stock at a predetermined price or under specified conditions. They matter because they combine the steadiness of a loan or fixed dividend with the potential upside of ownership; like a safety‑net that carries a one‑time ticket to become a shareholder, they affect expected returns and can dilute existing stock if converted.

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Miami, FL, Sept. 10, 2026 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT) ("NextNRG" or the "Company"), a pioneer in AI-driven energy innovation transforming how energy is produced, managed and delivered, today announced that it will effect a 1-for-10 reverse split (“reverse stock split”) of its shares of common stock that will become effective on September 14, 2026 at 12:00 a.m. (Eastern Time).

The Company’s common stock will continue to trade on Nasdaq under the symbol “NXXT” and will begin trading on a split-adjusted basis when the market opens on September 14, 2026. The new CUSIP number for the common stock following the reverse stock split will be 652941204. At the effective time of the reverse stock split, every 10 shares of the Company's issued and outstanding common stock will be automatically reclassified and combined into 1 share of common stock. The reverse stock split will reduce the number of outstanding shares of common stock from approximately 168.4 million shares to approximately 16.8 million shares, without giving effect to rounding. The reverse stock split will also apply to the Company’s common stock issuable upon exercise of the Company’s outstanding stock options and warrants and upon conversion of outstanding convertible securities. No fractional shares will be issued; instead, any fractional entitlements will be rounded up to the next highest whole number at the participant level.

About NextNRG, Inc.

NextNRG, Inc. (NextNRG) is Powering What’s Next by deploying its AI-driven Smart Controller, a proprietary AI technology that continuously optimizes how energy is generated, stored, and consumed. The Company deploys the controller within microgrids at commercial, healthcare, municipal, industrial and federal sites, and at a utility scale through the Next Utility Operating System®.

NextNRG also sells EV chargers, is advancing wireless in-motion charging, and operates one of the nation’s largest on-demand mobile fueling fleets.

To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com

FAQ

When will NextNRG shares start trading on a split-adjusted basis and under what symbol?

NextNRG common stock will begin trading on a split-adjusted basis when the Nasdaq market opens on September 14, 2026, and will continue to trade under the symbol NXXT. The common stock will have a new CUSIP number of 652941204.

How does the 1-for-10 reverse stock split affect existing common shares?

At the effective time, every 10 shares of issued and outstanding common stock will be automatically reclassified and combined into 1 share of common stock. This action is expected to reduce the number of outstanding common shares from approximately 168.4 million to approximately 16.8 million, without giving effect to rounding.

How will fractional shares be treated in the NextNRG reverse stock split?

No fractional shares will be issued. Instead, any fractional share entitlements resulting from the reverse stock split will be rounded up to the next highest whole number at the participant level.

What happens to stock options, warrants, and convertible securities after the reverse split?

The 1-for-10 reverse stock split will also apply to common stock issuable upon exercise of outstanding stock options and warrants and upon conversion of outstanding convertible securities, so those instruments will represent the appropriately adjusted number of post-split common shares.