NextNRG completes 1-for-10 reverse stock split
NextNRG enacted a 1-for-10 reverse stock split, cutting outstanding shares to about 16.8 million and beginning split-adjusted trading on September 14, 2026.
Rhea-AI Filing Summary
NextNRG, Inc. (NXXT) has implemented a 1-for-10 reverse stock split of its common stock. Effective September 14, 2026, every 10 issued and outstanding shares automatically converted into 1 share, with no change to par value, and the stock began trading on a split-adjusted basis under the existing symbol NXXT.
The reverse split reduces outstanding common shares from approximately 168.4 million to approximately 16.8 million, with any fractional share entitlements rounded up to the next whole share at the participant level. All outstanding options, warrants and convertible securities were proportionately adjusted, and the post-split common stock now trades under CUSIP 652941204.
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Filing Explained
The
8-K Event Classification
Key Figures
Key Terms
reverse stock split financial
Certificate of Amendment regulatory
CUSIP number financial
convertible securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What corporate action did NXXT announce in this Form 8-K?
When did NextNRG’s (NXXT) reverse stock split take effect and start trading split-adjusted?
What is the new CUSIP for NextNRG (NXXT) common stock after the reverse split?
How did the NXXT reverse split affect NextNRG’s options, warrants, and convertible securities?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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).
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Item 3.03. Material Modification of Rights to Security Holders.
To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.
Item 5.03. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On September 10, 2026, NextNRG, Inc. (the “Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect a one-for-ten (1-for-10) reverse split of the shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), issued and outstanding (the “Reverse Split”).. The Reverse Split became effective as of 12:01 a.m on September 14, 2026. As a result of the Reverse Split, every 10 shares of the Company’s issued and outstanding Common Stock automatically converted into one share of Common Stock, without any change in the par value per share, and began trading on a post-split basis under the Company’s existing trading symbol, “NXXT,” when the market opened on September 14, 2026.
The Reverse Split will reduce the number of outstanding shares of Common Stock from approximately 168.4 million shares to approximately 16.8 million shares. No fractional shares will be outstanding following the Reverse Split; instead, any fractional entitlements will be rounded up to the next highest whole number at the participant level. The new CUSIP number for the Common Stock following the Reverse Split is 652941204.
In addition, effective as of the same time as the Reverse Split, proportionate adjustments were made to all then-outstanding options and warrants with respect to the number of shares of Common Stock subject to such options or warrants and the exercise price thereof.
The above description is a summary of the text of the Certificate of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 8.01 Other Events
On September 10, 2026, the Company announced that it was effecting a reverse split, which would be effective September 14, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 3.1 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation | |
| 99.1 | Press release of NextNRG, Inc. dated September 10, 2026 | |
| 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: September 14, 2026
| NEXTNRG, INC. | |
| /s/ Michael D. Farkas | |
| Michael D. Farkas | |
| Chief Executive Officer |
Exhibit 99.1
NextNRG Announces 1-for-10 Reverse Stock Split
Miami, FL – September 10, 2026 – 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 shares to approximately 16.8 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.
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