NXXT 424B3: Secondary offering
NXXT
Filed with the SEC on · accession 0001493152-26-041642
NXXT filed a 424B3 (prospectus (offering)) with the SEC on Sep 8, 2026. NXXT filed a prospectus for the resale of up to 112,946,708 shares of common stock by a selling stockholder, issuable upon conversion of Series C Convertible Preferred Stock. The stock moved -5.7% by the first close after the filing.
Summary of the filing
NXXT filed a prospectus for the resale of up to 112,946,708 shares of common stock by a selling stockholder, issuable upon conversion of Series C Convertible Preferred Stock. The company will not receive any proceeds from the sale.
Key details
How NXXT stock reacted
Close before
$22.07
Sep 4, 2026
First close after
-5.66%
$20.82
5 trading days
-37.02%
$13.90
Since filing
-89.58%
$2.30
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Click hereFrequently asked questions
What did NXXT file with the SEC on Sep 8, 2026?
NXXT filed a 424B3 (Secondary offering). NXXT filed a prospectus for the resale of up to 112,946,708 shares of common stock by a selling stockholder, issuable upon conversion of Series C Convertible Preferred Stock. The company will not receive any proceeds from the sale.
What does a secondary offering mean for NXXT stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B3?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did NXXT stock react to this filing?
NXXT closed at $22.07 before the filing and $20.82 on Sep 8, 2026 (-5.66%). Five trading days later: $13.90 (-37.02%).
Other NXXT SEC filings
- 8-K · Material agreementNov 6, 2026
- 8-K · Delisting noticeOct 27, 2026
- 8-K · Material agreementOct 8, 2026
- 8-K · Material agreementOct 7, 2026
- 8-K · Material agreementOct 6, 2026
- 8-K · Delisting noticeSep 18, 2026
- S-1 · Secondary offeringAug 24, 2026
- 8-K · Material agreementAug 17, 2026
- 10-Q · SEC filingAug 13, 2026
- 8-K · SEC filingAug 13, 2026
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