Company Converts Debt to Restricted Common Stock at Premium to Market and Refinances High-Cost Debt with 8-Month NoteMIAMI, July 21, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced the completion of a comprehensive financial restructuring that significantly reduces the company' ...

Core Insights - NextNRG, Inc. has entered a strategic advisory agreement with Goldfarb Management Services, appointing Gary M. Goldfarb as Chairman of its newly established Advisory Board, aimed at enhancing its market strategies and partnerships in the energy sector [1][4]. Company Overview - NextNRG is focused on AI-driven energy innovation, transforming energy production, management, and delivery through its Next Utility Operating System, smart microgrids, wireless EV charging, and mobile fuel delivery [1][6]. - The company aims to create an integrated ecosystem utilizing AI and machine learning in renewable energy, battery storage, and on-demand mobile fuel delivery [6]. Leadership and Expertise - Gary M. Goldfarb brings over 50 years of experience in international trade and supply chain management, having held significant roles in logistics and market expansion [2][4]. - His past achievements include revitalizing The Miami Free Zone, achieving over 96% occupancy, and driving trade volume to nearly $1 billion [2]. Strategic Goals - NextNRG's mission is to reimagine energy generation and management, with a focus on powering commercial and industrial facilities through distributed energy generation and advanced smart grid technologies [3][5]. - The company is targeting high-impact opportunities across infrastructure, industrial, and municipal energy sectors as part of its corporate development strategy [5]. Product Innovations - NextNRG's portfolio includes patented wireless charging systems designed for industrial and commercial operations, eliminating the need for traditional plug-in infrastructure and enhancing operational efficiency [3][7]. - The smart microgrid technology integrates with wireless charging systems to optimize energy distribution across commercial facilities, supporting decarbonization initiatives [7]. Market Expansion - The company is expanding its fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, solidifying its position in the on-demand fueling industry [8]. - NextNRG aims to assist fleet customers in transitioning to electric vehicles by integrating sustainable energy solutions into its mobile fueling operations [8].

Core Insights - NextNRG, Inc. has signed a letter of intent to acquire ReFuel Mobile, a Canadian mobile fueling company, marking its entry into international markets and expanding its operations in Ontario's commercial and industrial sectors [1][2][5] - ReFuel Mobile has shown exceptional growth, ranking 36 on Globe and Mail's fastest-growing companies list with a 1,166% revenue growth over three years, and is currently profitable [3][10] - The acquisition is expected to enhance NextNRG's mobile fueling leadership and contribute to its recurring revenue base, with projected forward 12-month revenues of $100 million [5][9] Company Overview - NextNRG, Inc. specializes in AI-driven energy solutions, including smart microgrids and mobile fuel delivery, aiming to transform energy production and management [1][11] - ReFuel Mobile, founded in 2016, focuses on direct-to-vehicle and direct-to-equipment fuel delivery, serving various sectors including transportation, construction, and logistics [2][10] - The acquisition will integrate ReFuel's proprietary software platform with NextNRG's technology, enhancing operational efficiency and service delivery [5][9] Financial Performance - NextNRG reported preliminary revenue of $6.6 million for May 2025, representing a 148% year-over-year growth, marking its fifth consecutive record month [8] - Year-to-date revenue through May reached approximately $28.89 million, surpassing the full-year 2024 revenue of approximately $27 million [9] Strategic Goals - The acquisition aligns with NextNRG's strategy to scale AI-optimized energy solutions globally and expand its geographic reach [5][7] - ReFuel plans to enhance its service offerings and expand into additional regions in Ontario and Quebec, including Ottawa and Montreal [6][7]

Core Insights - NextNRG, Inc. reported a record revenue month in May 2025, marking the fifth consecutive month of strong revenue growth, driven by operational expansion and increased demand from partners nationwide [2][9] - Year-to-date revenue through May 2025 reached approximately $28.89 million, surpassing the total revenue for the entire year of 2024, which was approximately $27 million [9] Company Overview - NextNRG is focused on AI-driven energy innovation, implementing technologies such as the Next Utility Operating System®, smart microgrids, and wireless EV charging to transform energy production, management, and delivery [1][4] - The company aims to enhance energy efficiency, reduce costs, and improve grid resiliency through its AI-powered microgrid systems, which are designed for various commercial and public applications [5] Strategic Developments - NextNRG is expanding its fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, solidifying its leadership in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) through innovative wireless EV charging solutions [6]

Core Insights - NextNRG, Inc. has formed a strategic partnership with Hudson Sustainable Group to enhance capital access for developing renewable energy projects, including solar, battery storage, microgrids, and wireless EV charging [1][2][3] Company Overview - NextNRG is focused on AI-driven energy solutions, aiming to revolutionize energy production, management, and delivery through its Next Utility Operating System and smart microgrids [1][7] - The company is expanding its operations in on-demand mobile fuel delivery and wireless EV charging, positioning itself as a leader in the energy transition [9][10] Partnership Details - The partnership allows Hudson Sustainable Group to prioritize funding for selected projects within NextNRG's national pipeline, facilitating the development of utility-scale energy assets [2][3] - Hudson Sustainable Group has mobilized over $13 billion in capital for renewable energy and clean transport infrastructure, indicating strong financial backing for the partnership [4] Strategic Goals - The collaboration aims to scale AI-optimized energy infrastructure to meet the increasing demand for resilient power solutions, enhancing project execution and commercial pipeline [5] - NextNRG's strategy includes deploying smart microgrids that utilize AI for energy management, targeting various sectors such as commercial properties and healthcare [8]

Core Insights - NextNRG, Inc. has been included in the Russell 2000® and Russell 3000® Indexes, marking a significant milestone in its growth and recognition in the market [1][3] - The reconstitution of the Russell indexes will take effect after market close on June 27, 2025, with trading in the new indexes starting on June 30, 2025 [2] - The inclusion in these indexes is expected to enhance institutional engagement and long-term value creation for NextNRG as it scales its projects across the country [3] Company Overview - NextNRG is focused on AI-powered energy innovation, utilizing advanced technologies such as the Next Utility Operating System®, smart microgrid infrastructure, and wireless EV charging [1][5] - The company aims to create an integrated ecosystem for renewable energy, energy infrastructure, battery storage, and on-demand mobile fuel delivery [5] Strategic Developments - NextNRG has experienced strong quarterly growth and strategic advancements, including new state expansions and enterprise partnerships [4] - The company is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, reinforcing its leadership in the on-demand fueling industry [7] - NextNRG is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) [7] Technological Innovations - The Next Utility Operating System® employs AI and machine learning to enhance energy management efficiency [6] - NextNRG's smart microgrids utilize AI-driven energy management alongside solar power and battery storage to improve energy efficiency and grid resiliency [6]