Welcome to our dedicated page for NextNRG SEC filings (Ticker: NXXT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NextNRG, Inc. (NASDAQ: NXXT) SEC filings page provides access to the company’s regulatory disclosures, including Form 8-K current reports and related exhibits. These documents describe material definitive agreements, financing transactions, and operational milestones that shape the company’s renewable and distributed energy strategy.
Recent 8-K filings detail long-term power purchase agreements entered into by wholly owned project subsidiaries such as NextNRG Sunnyside Microgrid LLC and NextNRG Topanga Microgrid LLC. Under these PPAs, the subsidiaries agree to design, construct, install, own, operate, and maintain on-site photovoltaic and battery energy storage systems at healthcare facilities, while the facilities purchase all electric energy generated at a contracted price per kilowatt-hour. The filings also explain that environmental incentives, environmental attributes, and tax credits associated with the systems accrue to the seller entities.
Other filings focus on capital structure and liquidity. NextNRG reports a securities purchase agreement for senior secured convertible notes and warrants, including multiple closings, original issue discounts, conversion price terms, and related security and registration rights agreements. Additional 8-Ks describe an at-the-market sales agreement for common stock, its subsequent amendment, and a stock purchase agreement under which restricted shares were issued in exchange for cancellation of indebtedness.
Through this page, users can review how NXXT documents its PPAs, financing arrangements, and preliminary financial results. Stock Titan’s tools can pair these filings with AI-powered summaries that highlight key terms in 10-Ks, 10-Qs, 8-Ks, and other reports, as well as surface information on registered and unregistered equity issuances, note obligations, and project-level contracts relevant to NextNRG’s utilities and renewable energy activities.
NextNRG, Inc. (NXXT) – Form 4 Insider Transaction
On 06/20/2025, CEO, Executive Chairman, Director and 10% owner Michael D. Farkas filed a Form 4 reporting a bona fide gift (Transaction Code G) of 1,000,000 common shares to Congregation Bais Avrohom Zev. Because the shares were gifted, no price was received and Mr. Farkas relinquishes both voting and investment power over them.
- Post-transaction beneficial ownership: 74,232,561 common shares.
- Ownership breakdown: 61,150,968 shares held directly; 154,827 via SIF Energy LLC; 26,578 via Balance Labs, Inc.; 12,900,188 via Inductive Holdings LLC.
- The 1 million-share disposition represents roughly 1.3% of Mr. Farkas’ previously reported holdings, leaving him with a very substantial equity stake.
- Insider roles: CEO, Executive Chairman, Director and >10% owner remain unchanged.
Investor take-away: The transaction reduces insider ownership slightly but is philanthropic in nature rather than a market sale, limiting potential negative market signaling. Mr. Farkas continues to hold more than 74 million shares, maintaining significant alignment with shareholders and influence over corporate direction. No financial terms, earnings data or strategic changes were disclosed in this filing.
NextNRG is offering 256,667 shares of common stock at $3.00 per share through a direct offering to one investor. The purchase price of $770,000 will be paid by forgiving a receivables loan under a previous agreement with Next NRG LLC, a subsidiary. No new proceeds will be received from this offering.
The company operates as a controlled company under Nasdaq rules, with CEO Michael D. Farkas owning approximately 62.7% of voting power through NextNRG. The company specializes in renewable energy solutions, implementing:
- AI/ML-powered utility operating systems for energy management
- Smart microgrids combining solar power and battery storage
- Mobile fuel delivery services
- Wireless EV charging technology development
NextNRG targets commercial properties, schools, hospitals, and government facilities with its smart microgrid technology. The company generates revenue primarily through power purchase agreements (PPAs) and plans to expand into wireless EV charging infrastructure to address growing market demands. As an emerging growth company, NextNRG qualifies for reduced public reporting requirements.
NextNRG, Inc. (Nasdaq: NXXT) has executed a Stock Purchase Agreement with Agile Capital Funding LLC whereby the company will issue 256,667 common shares at $3.00 per share—valued at approximately $770,000—in exchange for the discharge of an equivalent $770,000 liability owed by wholly owned subsidiary Next NRG LLC.
The transaction is structured as a debt-for-equity swap: instead of cash, Agile Capital will forgive the receivable created under a December 16, 2024 future-receivables agreement. Consequently, NextNRG will receive no immediate cash proceeds but will remove the liability from its consolidated balance sheet, thereby modestly improving leverage while incurring share dilution of roughly 1% (based on 25.4 million shares outstanding as of the last 10-Q).
The shares will be offered pursuant to the company’s effective shelf registration (Form S-3 No. 333-268960); a prospectus supplement will be filed. Supporting legal opinion (Exhibit 5.1) and the full Stock Purchase Agreement (Exhibit 10.1) accompany the 8-K.