NextNRG, Inc. (Nasdaq: NXXT) announced on October 28, 2026, that it will implement a 1-for-10 reverse stock split of its common stock. The split is effective as of 12:01 a.m. Eastern Time on October 30, 2026.
The reverse stock split will automatically convert every 10 shares of issued and outstanding common stock into one share of common stock. As a result, the total number of outstanding shares of common stock is expected to decrease from approximately 16.84 million shares to approximately 1.68 million shares. The reverse split also reduces the authorized shares of common stock from 500 million to 50 million shares.
The Company’s common stock will continue to trade on the Nasdaq Capital Market under the existing trading symbol “NXXT” and will begin trading on a split-adjusted basis when the market opens on October 30, 2026. The new CUSIP number for the common stock following the reverse stock split is 652941303.
No fractional shares will be issued in connection with the reverse stock split. Instead, any fractional entitlements will be rounded up to the next highest whole number at the participant level. The reverse stock split applies to the Company’s common stock issuable upon the exercise of outstanding stock options, warrants, and convertible securities. The par value and other terms of the Company’s common stock are not affected by the reverse stock split.
