NextNRG terminates CEO promissory note in $100,360 debt-for-equity swap

NextNRG

NextNRG

NXXT

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  • NextNRG converted $100,360 of debt owed under a March 7, 2024 promissory note into 260,000 common shares.
  • CEO Michael D. Farkas received the shares at $0.39 each under a June 16, 2026 stock purchase agreement.
  • The 2024 Note was terminated upon the share issuance.


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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-029301), on June 18, 2026, and is solely responsible for the information contained therein.

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