NextNRG sells 1,000,000 Series C preferred shares in $9.2 million private placement

• NextNRG disclosed a $27.2 million private placement with an institutional investor for up to 3,000,000 shares of Series C convertible non-voting preferred stock.
• An initial closing on Aug. 13 issued 1,000,000 Series C preferred shares for $9.2 million.
• A Sept. 30 amendment tied additional mandatory closings to stock-price thresholds, no redemption or trigger events, ahead of a Delaware-to-Nevada redomestication.
• The company agreed to seek stockholder approval for issuance of all common shares issuable on conversion of the Series C preferred.

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