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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C., 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 3, 2025
NEXTNRG,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40809 |
|
84-4260623 |
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
67
NW 183rd Street, Miami, Florida 33169
(Address
of principal executive offices, including Zip Code)
(305)
791-1169
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.0001 par value per share |
|
NXXT |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01 Entry into Material Definitive Agreement
On
July 3, 2025, NextNRG, Inc. (the “Company”) entered into an At The Market Sales Agreement, or the ATM Agreement, with ThinkEquity
LLC, H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC, as sales agents (the “Agents”), pursuant to which we
may offer and sell, from time to time, through the Agents shares of our common stock, $0.0001 par value per share, having an aggregate
offering price of up to $75,000,000, subject to the terms and conditions of the ATM Agreement.
Subject
to the terms and conditions of the ATM Agreement, the Agents will use commercially reasonable efforts consistent with their normal trading
and sales practices and applicable state and federal laws, rules and regulations and the rules of the Nasdaq Capital Market to sell shares
from time to time based upon our instructions, including any price, time or size limits specified by us. Under the ATM Agreement, the
Agents may sell shares by any method deemed to be an “at the market” offering as defined in Rule 415 under the U.S. Securities
Act of 1933, as amended, including in privately negotiated transactions. The Company may instruct the Agents not to sell shares of common
stock if the sales cannot be effected at or above the price designated by the Company from time to time.
The
Company will pay the Agents a fixed commission rate of 3.0% of the aggregate gross proceeds from the sale of shares of common stock pursuant
to the ATM Agreement and has agreed to provide the Agents with customary indemnification and contribution rights. The Company also agreed
to reimburse the Agents the fees and expenses of the Agents, including but not limited to the fees and expenses of the counsel to the
Agents, payable upon the execution of the ATM Agreement, in an amount not to exceed $75,000. In addition, the Company will reimburse
the Agents upon request for such costs, fees and expenses incurred in connection with the ATM Agreement in an amount not to exceed $7,500
on a quarterly basis for the first three quarters of each year and $10,000 for the fourth quarter of each year.
We
are not obligated to make any sales of our common stock under the ATM Agreement and no assurance can be given that we will sell any shares
under the ATM Agreement, or, if we do, as to the price or amount of shares that we will sell, or the dates on which any such sales will
take place. The ATM Agreement will terminate upon the earlier of (i) the sale of all shares under the ATM Agreement, or (ii) as provided
therein.
Sales
of shares of common stock under the ATM Agreement will be made pursuant to the registration statement on Form S-3 (File No. 333-268960),
which was declared effective by the U.S. Securities and Exchange Commission, or SEC, on January 3, 2023, and a related prospectus supplement
filed with the SEC on July 3, 2025, for an aggregate offering price of up to $75,000,000.
The
foregoing summary of the ATM Agreement does not purport to be complete and is qualified in its entirety by reference to the full text
of the ATM Agreement, which is filed herewith as Exhibit 10.1.
A
copy of the opinion of Sichenzia Ross Ference Carmel LLP relating to the legality of the issuance and sale of shares, is attached hereto
as Exhibit 5.1 to this Current Report on Form 8-K.
This
Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any shares under the ATM Agreement,
nor shall there be any sale of such shares in any state in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
This
report contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other statements related to our future activities, or future events or conditions.
These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking
statements due to numerous factors, including those risks discussed in our Annual Report on Form 10-K and in other documents that we
file from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and we do not undertake
any obligation to update any forward-looking statement to reflect events or circumstances after the date of this report, except as required
by law.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
|
|
Description |
5.1 |
|
Opinion of Sichenzia Ross Ference Carmel LLP |
10.1 |
|
ATM Sales Agreement, by and among the Company and ThinkEquity LLC, H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC, dated July 3, 2025. |
23.1 |
|
Consent of Sichenzia Ross Ference Carmel LLP (included in Exhibit 5.1) |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
NextNRG,
Inc. |
|
|
|
Date:
July 3, 2025 |
By: |
/s/
Michael Farkas |
|
Name: |
Michael
Farkas |
|
Title: |
Chief
Executive Officer |