NextNRG Announces 1-for-10 Reverse Stock Split
Authorized common shares will be reduced from 500 million to 50 million, while authorized preferred shares will not be reduced.
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Rhea-AI Summary
NextNRG (Nasdaq: NXXT) will implement a 1-for-10 reverse stock split effective October 30, 2026, at 12:01 a.m. Eastern Time.
Split-adjusted trading begins at market open that day under the unchanged symbol. Outstanding common shares will fall from approximately 16.84 million to 1.68 million, before rounding. The split also applies to common shares issuable through outstanding options, warrants and convertible securities.
News Explained
The release also reduces authorized common shares from 500 million to 50 million; authorized preferred shares, common-stock par value and other common-stock terms remain unchanged.
Details
Market move: NXXT -22.35% vs previous close. 1-for-10 reverse split
On Oct 28, the day this news came out, the latest delayed price for NXXT is 22.35% below the previous close. Our momentum scanner has recorded 27 alerts for this stock so far that day. The latest delayed price is $0.40. Relative volume is exceptionally heavy at 31.9x the average.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Reverse split ratio
- 1-for-10
- Common stock
- Effective time
- October 30, 2026 at 12:01 a.m. Eastern Time
- Reverse stock split
- Outstanding common shares
- Approximately 16.84 million to approximately 1.68 million
- Without giving effect to rounding
- Authorized common shares
- 500 million to 50 million
- Following the reverse stock split
Previous Stock split Reports
-
A prior 1-for-10 split reduced outstanding shares from approximately 168.4 million to 16.8 million.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reverse stock split financial
cusip technical
convertible securities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Miami, FL, Oct. 28, 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 October 30, 2026 at 12:01 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 October 30, 2026. The new CUSIP number for the common stock following the reverse stock split will be 652941303. 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 16.84 million shares to approximately 1.68 million shares, without giving effect to rounding. The reverse stock split will also apply to 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. Also as a result of the reverse stock split, the number of the Company's authorized shares of common stock will be reduced from 500 million shares to 50 million shares. The par value and other terms of the Company's common stock are not affected by the reverse stock split. The number of the authorized shares and other terms of the Company's preferred stock under the Company's articles of incorporation will not be reduced in connection with the reverse stock split.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does NextNRG's reverse stock split take effect, and what is the ratio?
NextNRG's 1-for-10 reverse stock split takes effect October 30, 2026, at 12:01 a.m. Eastern Time. Every 10 outstanding common shares will be combined into 1 share, and split-adjusted trading on Nasdaq begins at market open that day.