Monitor the Nasdaq hearing outcome on October 22, 2026 — delisting would severely impair liquidity and trigger further adverse adjustments on the Series C Preferred. The stockholder vote on Conversion Share authorization is also a key catalyst.
Price Chart
Executive Summary
NextNRG amended its Series C Preferred Stock purchase agreement in connection with its planned redomestication to Nevada, removing holder redemption rights and adding trigger events that auto-increase the stated value by 25% (plus 10% monthly) upon certain defaults. Separately, Nasdaq issued a delisting determination on September 18, 2026; the company has appealed with a hearing scheduled for October 22, 2026, but there is no assurance of continued listing.
Key Facts
- Nasdaq delisting determination received September 18, 2026; hearing scheduled October 22, 2026
- Amendment to Series C Preferred Purchase Agreement removes holder optional redemption, adds Trigger Events with 25% stated value increase and 10% monthly escalations
- Company must obtain stockholder approval for all Conversion Shares issuable under the Purchase Agreement
- Redomestication from Delaware to Nevada pending; Certificate of Designation to be filed by October 7, 2026
- 1-for-10 reverse stock split effective September 14, 2026
Financial Impact
Up to $27.2 million aggregate Series C Preferred issuance; $9.2 million already closed. Delisting risk threatens equity value and liquidity.
Risk Factors
- Nasdaq delisting could occur if the Panel denies the appeal, leading to loss of trading venue and potential OTC trading
- Trigger Events under the Certificate of Designation could rapidly increase the stated value of Series C Preferred, compounding dilution
- Reverse split and redomestication add structural complexity and potential governance risks
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-046023 |
| Document: 0001493152-26-046023-index-headers.html | 0001493152-26-046023 |
| Document: 0001493152-26-046023-index.html | 0001493152-26-046023 |
| Document: 0001493152-26-046023.txt | 0001493152-26-046023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $0.6190 | awaiting T+20 | — | $0.5110 (+17.45%) |
Oct 6, 2026 20d ago | 8-K | $0.5980 | awaiting T+20 | — | $0.5110 (+14.55%) |
Sep 22, 2026 4w ago | Institutional Cluster | $0.8624 $0.5413 | ▼ −37.23% | ▼ −36.67% | $0.5110 (−40.75%) |
Aug 24, 2026 9w ago | S-1 | $0.2280 $0.9030 | ▼ −296.05% | ▼ −294.81% | $0.5110 (−124.12%) |
Aug 12, 2026 10w ago | Press Release | $0.2790 $0.1534 | ▼ −45.02% | ▼ −43.12% | $0.5110 (+83.15%) |
Jul 29, 2026 12w ago | 8-K | $0.2672 $0.2359 | ▲ +11.71% | ▲ +15.68% | $0.5110 (−91.24%) |
Jun 18, 2026 18w ago | 8-K | $0.4957 $0.2778 | ▼ −43.96% | ▼ −43.34% | $0.5110 (+3.09%) |
Jun 12, 2026 19w ago | EFFECT | $0.4350 $0.3156 | ▲ +27.45% | ▲ +29.23% | $0.5110 (−17.47%) |
Jun 5, 2026 20w ago | 8-K | $0.5847 $0.3780 | ▼ −35.35% | ▼ −37.21% | $0.5110 (−12.60%) |
Jun 3, 2026 20w ago | S-1 | $0.6900 $0.3570 | ▲ +48.26% | ▲ +46.89% | $0.5110 (+25.94%) |
US Market Status
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