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NextNRG to Host Second Quarter 2025 Financial Results Conference Call on August 15, 2025 at 9:00 a.m. ET
Globenewswire· 2025-08-14 22:00
Core Insights - NextNRG, Inc. is a leader in AI-driven energy innovation, focusing on transforming energy production, management, and delivery through its Next Utility Operating System®, smart microgrids, and wireless EV charging solutions [1][5][6] - The company will host a conference call on August 15, 2025, to discuss its financial results for Q2 2025 [1][8] Company Overview - NextNRG integrates AI and machine learning into renewable energy and next-generation energy infrastructure, including battery storage and mobile fuel delivery [4][5] - The Next Utility Operating System® aims to enhance energy management efficiency for existing utilities [5] - Smart microgrids developed by NextNRG utilize AI-driven management alongside solar power and battery storage to improve energy efficiency and grid resiliency [5] Recent Developments - NextNRG is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, strengthening its position in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and aims to assist fleet customers in transitioning to electric vehicles [6]
NextNRG Announces Completion of Strategic Financial Restructuring Reducing Monthly Burn by Approximately $1 Million
Globenewswire· 2025-07-21 13:05
Core Viewpoint - NextNRG, Inc. has completed a financial restructuring that significantly reduces its monthly cash burn by approximately $1 million, enhancing its cash flow position and supporting its growth strategy [1][3]. Financial Restructuring Details - The restructuring includes a debt conversion agreement that converts existing debt into equity at a premium to market, and a refinancing of high-cost short-term debt with an 8-month $2 million note [2]. - On July 11, 2025, NextNRG issued 1,081,395 shares of restricted common stock at $2.15 per share to an existing lender, eliminating its obligations to that lender [2]. - The newly issued shares cannot be sold for a minimum of six months, and the overall result of these transactions is a nearly $1 million reduction in the company's monthly cash burn [2]. Strategic Implications - The restructuring is viewed as a transformative moment for NextNRG, providing the financial stability necessary to execute its growth strategy and focus on scaling its AI-driven energy platform [3]. - The company aims to convert a lender into a long-term investor, which is expected to further support its expansion across multiple energy sectors and geographic markets [3]. Company Overview - NextNRG, Inc. is focused on integrating artificial intelligence (AI) and machine learning (ML) into renewable energy and next-generation energy infrastructure, including battery storage and wireless electric vehicle (EV) charging [4]. - The company's strategy revolves around its Next Utility Operating System®, which enhances energy management efficiency and supports the deployment of smart microgrids [5].
NextNRG to Be Added to Russell 2000® and Russell 3000® Indexes
Globenewswire· 2025-06-11 12:00
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]