NextNRG Agrees to Convert $7 Million in Debt Into Preferred Shares

• NextNRG agreed to exchange $7 million owed to CEO Michael D. Farkas for 7,000 Series D Convertible Voting Preferred Stock shares.
• The shares carry an initial stated value of $1,000 each; the obligations will be canceled in full upon closing and issuance.
• The exchange will strengthen stockholders’ equity but will not alone satisfy Nasdaq’s $2.5 million minimum equity requirement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611030910PRIMZONEFULLFEED9869067) on November 03, 2026, and is solely responsible for the information contained therein.