Street Calls of the Week
NextNRG, Inc. (NASDAQ:NXXT), a $222 million market cap company currently trading at $1.77 per share, announced Thursday that it has entered into a Stock Purchase Agreement with its Chief Executive Officer and Executive Chairman, Michael D. Farkas. According to a statement based on a press release, the agreement was executed on September 18, 2025. InvestingPro analysis indicates the company operates with moderate debt levels but faces challenges with short-term liquidity.
Under the terms of the agreement, NextNRG issued 1,000,000 restricted shares of its common stock to Mr. Farkas at a price of $1.67 per share. The total value of the shares, $1,670,000, was paid by Mr. Farkas through the cancellation and discharge of outstanding indebtedness owed by the company to him. This debt was previously established under promissory notes dated May 5, May 9, May 19, May 20, and June 10, 2025. While the stock has shown strong returns over the past month, it remains significantly below its 52-week high of $4.34.
The company stated that the issuance of the common stock was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The transaction did not involve a public offering and was conducted as a private transaction. NextNRG also noted that shareholder approval was not required for this transaction, as the purchase price matched the consolidated closing bid price of the company’s common stock on the date of issuance.
NextNRG’s common stock is listed on the Nasdaq Capital Market under the symbol NXXT. The company is incorporated in Delaware and is classified under retail-auto dealers and gasoline stations.
This information is based on a statement in a press release and details disclosed in a filing with the Securities and Exchange Commission.
In other recent news, NextNRG Inc. reported a substantial revenue increase of 222% for August 2025, amounting to $7.51 million. This growth is attributed to the delivery of 2.18 million gallons in August, marking a 239% rise from the previous year. Year-to-date revenue through August has already reached approximately $51.6 million, surpassing the company’s entire revenue for 2024. Additionally, H.C. Wainwright has initiated coverage on NextNRG with a Buy rating and a price target of $5.00, citing the company’s diversified energy technology offerings. In the second quarter of 2025, NextNRG showcased significant advancements in revenue and operational efficiencies. The company’s strong performance has generated optimism in the market. These developments reflect the company’s ongoing expansion and strategic positioning in the energy sector.
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