NextNRG Announces Completion of Strategic Financial Restructuring Reducing Monthly Burn by Approximately $1 Million
NextNRG (Nasdaq: NXXT) has completed a strategic financial restructuring that reduces its monthly cash burn by approximately $1 million. The restructuring involves two key transactions:
1. A debt conversion agreement converting existing debt to 1,081,395 shares of restricted common stock at $2.15 per share (premium to market)
2. Refinancing of high-cost short-term debt with an 8-month $2 million note
The issued shares have a six-month lock-up period. The restructuring aims to improve cash flow and provide financial stability as the company expands its AI-driven energy platform across multiple sectors.
NextNRG (Nasdaq: NXXT) ha completato una ristrutturazione finanziaria strategica che riduce il suo consumo di cassa mensile di circa 1 milione di dollari. La ristrutturazione comprende due operazioni principali:
1. Un accordo di conversione del debito che trasforma il debito esistente in 1.081.395 azioni di azioni ordinarie vincolate a 2,15 dollari per azione (con premio rispetto al mercato)
2. Rifinanziamento del debito a breve termine ad alto costo con una nota da 2 milioni di dollari a 8 mesi
Le azioni emesse sono soggette a un periodo di lock-up di sei mesi. L’obiettivo della ristrutturazione è migliorare il flusso di cassa e garantire stabilità finanziaria mentre l’azienda espande la sua piattaforma energetica basata sull’intelligenza artificiale in diversi settori.
NextNRG (Nasdaq: NXXT) ha completado una reestructuración financiera estratégica que reduce su consumo mensual de efectivo en aproximadamente 1 millón de dólares. La reestructuración incluye dos transacciones clave:
1. Un acuerdo de conversión de deuda que convierte la deuda existente en 1.081.395 acciones de acciones comunes restringidas a 2,15 dólares por acción (prima sobre el mercado)
2. Refinanciación de deuda a corto plazo de alto costo con una nota de 2 millones de dólares a 8 meses
Las acciones emitidas tienen un periodo de bloqueo de seis meses. La reestructuración busca mejorar el flujo de caja y proporcionar estabilidad financiera mientras la empresa expande su plataforma energética impulsada por IA en múltiples sectores.
NextNRG (나스닥: NXXT)는 월 현금 소모를 약 100만 달러 줄이는 전략적 재무 구조조정을 완료했습니다. 이번 구조조정에는 두 가지 주요 거래가 포함됩니다:
1. 기존 부채를 1,081,395주의 제한 보통주로 전환하는 부채 전환 계약, 주당 2.15달러 (시장가 대비 프리미엄)
2. 고비용 단기 부채를 8개월 만기 200만 달러 어음으로 재융자
발행된 주식은 6개월 락업 기간이 적용됩니다. 이번 구조조정은 현금 흐름 개선과 재무 안정성을 제공하여 회사가 AI 기반 에너지 플랫폼을 여러 부문에 걸쳐 확장하는 데 목적이 있습니다.
NextNRG (Nasdaq : NXXT) a finalisé une restructuration financière stratégique qui réduit sa consommation de trésorerie mensuelle d'environ 1 million de dollars. La restructuration comprend deux opérations clés :
1. Un accord de conversion de dette transformant la dette existante en 1 081 395 actions ordinaires restreintes à 2,15 $ par action (prime par rapport au marché)
2. Le refinancement d'une dette à court terme coûteuse par une note de 2 millions de dollars sur 8 mois
Les actions émises sont soumises à une période de blocage de six mois. Cette restructuration vise à améliorer la trésorerie et à assurer la stabilité financière alors que la société étend sa plateforme énergétique pilotée par l'IA dans plusieurs secteurs.
NextNRG (Nasdaq: NXXT) hat eine strategische finanzielle Restrukturierung abgeschlossen, die den monatlichen Cash-Burn um ca. 1 Million US-Dollar senkt. Die Restrukturierung umfasst zwei wichtige Transaktionen:
1. Eine Schuldenumwandlungsvereinbarung, bei der bestehende Schulden in 1.081.395 Aktien von eingeschränktem Stammaktien zu 2,15 USD pro Aktie (Prämie zum Markt) umgewandelt werden
2. Refinanzierung von teuren kurzfristigen Schulden durch eine 8-monatige Anleihe über 2 Millionen USD
Die ausgegebenen Aktien unterliegen einer sechsmonatigen Sperrfrist. Ziel der Restrukturierung ist es, den Cashflow zu verbessern und finanzielle Stabilität zu gewährleisten, während das Unternehmen seine KI-gesteuerte Energieplattform in mehreren Branchen ausbaut.
- Monthly cash burn reduction of approximately $1 million improves operational efficiency
- Debt conversion at premium to market price indicates investor confidence
- Conversion of debt to equity improves balance sheet structure
- 6-month lock-up period on issued shares prevents immediate dilution pressure
- Refinancing of high-cost debt with 8-month note improves debt terms
- Issuance of 1,081,395 new shares creates dilution for existing shareholders
- Company still operating at a loss with focus on 'path to profitability'
- New $2 million note adds short-term debt obligation with 8-month maturity
Insights
NextNRG's restructuring cuts $1M monthly burn through debt-to-equity conversion and refinancing, significantly improving financial stability.
NextNRG has executed a two-pronged financial restructuring that materially improves its cash position and extends its runway. The first component involved converting existing debt to 1,081,395 restricted common shares at
The second component replaced high-cost short-term debt with an 8-month
The combined effect—reducing monthly cash burn by nearly
What's particularly noteworthy is the apparent vote of confidence from the lender who accepted equity at above-market pricing, suggesting they see long-term value despite taking on market risk. This restructuring doesn't add new capital but dramatically improves NextNRG's ability to reach profitability with existing resources—potentially eliminating or delaying the need for dilutive financing in the near term.
Company Converts Debt to Restricted Common Stock at Premium to Market and Refinances High-Cost Debt with 8-Month Note
MIAMI, July 21, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced the completion of a comprehensive financial restructuring that significantly reduces the company's monthly cash burn by approximately
The restructuring consists of two key transactions: a debt conversion agreement that converts existing debt obligations to equity at a premium to market, and a strategic refinancing that replaces high-cost short-term debt with an 8-month
"This comprehensive financial restructuring represents a transformative moment for NextNRG, dramatically improving our cash flow position and providing the financial stability needed to execute our growth strategy," said Michael D. Farkas, Executive Chairman and CEO of NextNRG. "By reducing our monthly burn by approximately
The financial restructuring positions NextNRG with significantly improved cash flow dynamics as the company continues its rapid expansion across multiple energy sectors and geographic markets and gets closer to profitability.
About NextNRG, Inc.
NextNRG Inc. (NextNRG) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.
At the core of NextNRG's strategy is its Next Utility Operating System®, which leverages AI and ML to help make existing utilities' energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency.
To find out 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. 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
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