NEXTNRG, INC. Form 8-K Filing

On July 24, 2026, NextNRG, Inc. entered into a securities purchase agreement with an institutional investor to sell a senior secured convertible note with an aggregate principal amount of $2,000,000. The note is convertible into shares of common stock. The transaction closed on July 24, 2026, with the company receiving approximately $1.8 million in gross proceeds, intended for general corporate purposes and working capital. The agreement includes restrictions on future equity or debt offerings by the company while the note is outstanding, and grants the investor participation rights in subsequent placements. The note accrues interest at 12% per annum, maturing on October 24, 2026, with a potential 9% increase in interest rate upon an Event of Default. The conversion price is fixed at $0.75 per share. The company has the option to redeem the note under certain conditions. The note is secured by a security interest in substantially all of the company's assets and is guaranteed by its subsidiaries.