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NXXT 8-K: Material agreement

NextNRG, Inc.

Filed with the SEC on · accession 0001493152-26-050459

NXXT filed a 8-K (current report) with the SEC on Nov 6, 2026. NextNRG, Inc. entered into a Debt Exchange Agreement with CEO Michael D. The stock moved -1.3% by the first close after the filing.

Summary of the filing

NextNRG, Inc. entered into a Debt Exchange Agreement with CEO Michael D. Farkas to exchange $7,000,000 of outstanding debt (principal, interest, and guarantee fees) for 7,000 shares of newly designated Series D Convertible Voting Preferred Stock. The transaction eliminates the debt obligation and is a related-party transaction approved by the Board and Audit Committee.

For details, click here →How to read a 8-K →

Key details

Aggregate outstanding principal amount of exchanged notes$3.6M
Accrued and unpaid interest on exchanged notes$2.7M
Accrued and unpaid guarantee fees$621K
Total exchanged amount$7.0M
IssuerNextNRG, Inc.
SubsidiaryNextNRG Holding Corp.
Chief executive officer, director, principal stockholderMichael D. Farkas

How NXXT stock reacted

Close before

$2.33

Nov 5, 2026

First close after

-1.29%

$2.30

5 trading days

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Since filing

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Frequently asked questions

What did NXXT file with the SEC on Nov 6, 2026?

NXXT filed a 8-K (Material agreement). NextNRG, Inc. entered into a Debt Exchange Agreement with CEO Michael D. Farkas to exchange $7,000,000 of outstanding debt (principal, interest, and guarantee fees) for 7,000 shares of newly designated Series D Convertible Voting Preferred Stock. The transaction eliminates the debt obligation and is a related-party transaction approved by the Board and Audit Committee.

What does a material agreement mean for NXXT stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

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 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did NXXT stock react to this filing?

NXXT closed at $2.33 before the filing and $2.30 on Nov 6, 2026 (-1.29%).

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