NextNRG Executes 1-for-10 Reverse Split to Reduce Share Count

NextNRG, Inc. (Nasdaq: NXXT) announced a 1-for-10 reverse stock split effective September 14, 2026. The action reduces the company’s outstanding common shares from approximately 168.4 million to 16.8 million. This mechanical adjustment does not alter equity value but changes the per-share price and liquidity profile. The stock will continue trading under the symbol NXXT on a split-adjusted basis starting at market open.

The move affects all issued securities, including shares issuable through stock options, warrants, and convertible instruments. Fractional shares will not be issued; instead, fractional entitlements are rounded up to the next whole share at the participant level. The new CUSIP number for the common stock is 652941204. According to GN stocks/nasdaq reporting, the company maintains its listing status without interruption during the transition period.

Share Count Reduction Mechanics

Every ten shares of issued and outstanding common stock are automatically reclassified into one share. This consolidation directly impacts the denominator in per-share financial metrics. For instance, earnings per share calculations will reflect the lower share count moving forward. The adjustment applies uniformly across all holders, ensuring proportional ownership remains unchanged. No additional capital is raised through this specific corporate action.

The split-adjusted trading begins at 12:00 a.m. Eastern Time on September 14, 2026. Market participants should note that the nominal share price will increase tenfold relative to the pre-split price. Liquidity dynamics may shift as the reduced share count affects daily trading volume. The company emphasizes that this is a capital structure adjustment rather than a fundamental business change. Investors must update their records to reflect the new CUSIP number for accurate settlement.

Operational Focus on AI Energy

NextNRG positions itself as a pioneer in AI-driven energy innovation. The company deploys its proprietary Smart Controller technology to optimize energy generation, storage, and consumption. This controller operates within microgrids at commercial, healthcare, municipal, and industrial sites. At utility scale, the technology is integrated through the Next Utility Operating System. The reverse split does not alter these core operational capabilities or deployment strategies.

Beyond software, the company sells EV chargers and advances wireless in-motion charging technology. It also operates one of the nation’s largest on-demand mobile fueling fleets. These physical assets complement the digital optimization layer. The forward-looking statements provided by the company highlight risks related to macroeconomic and geopolitical events. Management notes that these statements involve assumptions that may not materialize as expected.

Regulatory and Disclosure Context

The announcement includes standard forward-looking statement disclaimers under the Private Securities Litigation Reform Act of 1995. Statements describing goals, expectations, or intentions are considered at-risk. The company cites risks related to its business operations and external economic factors. These risks are detailed in filings with the Securities and Exchange Commission. NextNRG undertakes no obligation to update these statements unless required by law.

Investor relations inquiries are directed to Sharon Cohen. The company advises caution against relying solely on forward-looking projections. The reverse split is a procedural change that does not modify the underlying risk profile of the business. Shareholders should review their brokerage accounts to ensure proper handling of the share combination. The effective date remains fixed for September 14, 2026.