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NextNRG Nasdaq trading suspension set for November 11

A request for Listing Council review would not delay the announced suspension, while OTC Markets quotation is expected on or about November 11.

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

NextNRG, Inc. (NXXT) said Nasdaq’s Hearings Panel denied its request to continue listing its common stock, and trading will be suspended at the open on November 11, 2026. Nasdaq had notified the company that it did not meet the $1.00 minimum bid price requirement and the $35 million market value of listed securities requirement.

After a hearing on October 22, 2026, the Panel denied continued listing. NextNRG intends to request review by the Nasdaq Listing and Hearing Review Council, but that request will not stay the suspension. The company expects its common stock to be quoted on OTC Markets under the symbol NXXT beginning on or about November 11, 2026.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

1 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

  • None.

Negative

  • Major point. Forward-looking: it has not happened yet and may not happen.Nasdaq trading in NXXT will be suspended at the open on November 11, 2026.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Minimum bid price requirement $1.00 Nasdaq listing requirement cited in the company's March 16, 2026 notice
Market value of listed securities requirement $35 million Nasdaq continued-listing requirement cited in the company's October 21, 2026 notice
Nasdaq trading suspension November 11, 2026 Suspension at the open of trading
Nasdaq Hearings Panel hearing October 22, 2026 Hearing on the request to continue listing
minimum bid price requirement regulatory
"did not comply with the $1.00 minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
market value of listed securities requirement regulatory
"did not comply with the $35 million market value of listed securities requirement"
stayed regulatory
"which stayed the delisting and suspension pending the Panel’s decision"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why is NXXT being suspended from Nasdaq?

Nasdaq notified NextNRG that it did not meet the $1.00 minimum bid price requirement and the $35 million market value of listed securities requirement. After a hearing on October 22, 2026, the Nasdaq Hearings Panel denied the company’s request to continue listing.

When does NXXT expect to be quoted on OTC Markets?

NextNRG expects its common stock to be quoted on OTC Markets under the symbol NXXT beginning on or about November 11, 2026. Trading on Nasdaq will be suspended at the open that day; a request for Listing Council review will not stay the suspension.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001817004 0001817004 2026-11-09 2026-11-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 9, 2026

 

NextNRG, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40809   83-4260623
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

407 Lincoln Rd. #9F, Miami Beach, Florida 33139

(Address of principal executive offices)

 

(305) 791-1169

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, par value $0.0001 per share    NXXT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

As previously reported, on March 16, 2026, NextNRG, Inc. (the “Company”) was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that it did not comply with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”), and on September 15, 2026, following the expiration of the applicable compliance period, the Company received a determination from the Nasdaq Listing Qualifications Staff to delist the Company’s common stock.

 

Also as previously reported, on October 21, 2026, the Company was further notified that it did not comply with the $35 million market value of listed securities requirement of Nasdaq Listing Rule 5550(b)(2) or the alternative continued listing standards under Nasdaq Listing Rule 5550(b). 

 

The Company timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”), which stayed the delisting and suspension of the Company’s common stock pending the Panel’s decision. A hearing on the matter was held on October 22, 2026.

 

On November 9, 2026, the Panel notified the Company (the “Notice”) that the Panel has determined to deny the Company’s request to continue its listing on Nasdaq and that trading in the Company’s common stock will be suspended at the open of trading on November 11, 2026.

 

The Company intends to immediately exhaust all available avenues and request that the Nasdaq Listing and Hearing Review Council (the “Listing Council”) review the Panel’s decision and conclusions,

 

A request for review will not stay the suspension of trading in the Company’s common stock. The Company expects that its common stock will be quoted on the OTC Markets under the symbol “NXXT” beginning on or about November 11, 2026.

 

This report contains forward-looking statements, including, but not limited to, statements regarding the Company’s ability to maintain or regain its listing on Nasdaq, the Company’s ability to have the Panel’s decision reviewed or overturned by the Listing Council and the quotation of the Company’s common stock following suspension . Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to update any forward-looking statement in this report, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: November 10, 2026 NEXTNRG, INC.
(Registrant)
   
  By: /s/ Michael D. Farkas
  Name: Michael D. Farkas
  Title: Chief Executive Officer

 

 

 

Filing Exhibits & Attachments

3 documents

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