NextNRG, Inc. Announces Closing of Public Offering

Core Viewpoint - NextNRG, Inc. has successfully completed a public offering and changed its name and ticker symbol following a merger with EzFill Holdings, focusing on renewable energy and mobile fueling solutions [1][2][6]. Group 1: Company Overview - NextNRG, Inc. is now trading under the ticker symbol NXXT on the Nasdaq Capital Market after the merger with EzFill Holdings, Inc. [2][9] - The company specializes in renewable energy, mobile fueling, and next-generation energy infrastructure, leveraging AI and machine learning technologies [6][9]. Group 2: Financial Details - NextNRG closed a public offering of 5,000,000 shares at $3.00 per share, generating gross proceeds of $15,000,000 before expenses [1][3]. - The company has granted underwriters a 45-day option to purchase an additional 750,000 shares to cover over-allotments [1][3]. Group 3: Use of Proceeds - Proceeds from the offering will be used to expand the business, repay outstanding debts, and for general corporate purposes, including working capital [3]. Group 4: Strategic Initiatives - NextNRG is deploying Smart Microgrids that utilize AI-driven energy management, solar power, and battery storage to enhance energy efficiency and support decarbonization initiatives [7]. - The company is integrating sustainable energy solutions into its mobile fueling operations, expanding its fleet and national footprint, including the acquisition of Yoshi Mobility's fuel division [8].