NextNRG Sets 1-for-10 Reverse Stock Split, Effective Oct. 30

NextNRG, Inc. (Nasdaq: NXXT) will carry out a 1-for-10 reverse stock split effective 12:01 a.m. Eastern Time on Oct. 30, 2026, the company said in an 8-K filed Friday.

The Nevada Certificate of Change was filed Oct. 28. The company's board approved the split by unanimous written consent on Oct. 14. Because the split was carried out under Nevada Revised Statutes 78.207 with a proportionate reduction in both authorized and outstanding shares, the filing says no stockholder approval was required.

Every 10 shares of common stock will be combined into one share. The company said outstanding shares will fall from about 16.84 million to about 1.68 million, before rounding. Authorized common shares will drop from 500 million to 50 million. Preferred authorized shares remain at 50 million.

Trading and ticker

The common stock will continue to trade on Nasdaq under NXXT and will begin trading on a split-adjusted basis when the market opens Oct. 30. The new CUSIP number will be 652941303.

Fractional shares

No fractional shares will be issued. Holders who would otherwise receive a fraction will receive one whole share, and no cash or other consideration will be paid for fractions. Banks, brokers and other nominees will process the split for street-name holders under their own procedures.

The filing does not state a reason for the split beyond the mechanics described above. Equity awards and warrants will be adjusted proportionally.