NextNRG Completes Financial Restructuring, Reduces Monthly Cash Burn by $1mln.

NextNRG, a pioneer in AI-driven energy innovation, has completed a comprehensive financial restructuring that reduces its monthly cash burn by approximately $1 million. The restructuring includes a debt conversion agreement that converts existing debt obligations to equity at a premium and a strategic refinancing that replaces high-cost short-term debt with an 8-month $2 million note.

NextNRG, Inc. (Nasdaq: NXXT), a leading innovator in AI-driven energy solutions, has announced the successful completion of a comprehensive financial restructuring aimed at significantly reducing its monthly cash burn by approximately $1 million. The restructuring, which took place over the course of several transactions, includes a debt conversion agreement and strategic refinancing.

The debt conversion agreement, executed on July 11, 2025, involved the conversion of existing debt obligations into equity. Specifically, NextNRG issued 1,081,395 shares of restricted common stock at $2.15 per share to an existing lender. This action not only eliminated the company's obligations to the lender but also aligned the former lender's interests with those of shareholders, with the shares having a minimum six-month lock-up period. The strategic refinancing component replaced high-cost short-term debt with an 8-month $2 million note, further enhancing the company's financial stability.

The net result of these transactions was a nearly $1 million reduction in the company's monthly cash burn. Michael D. Farkas, Executive Chairman and CEO of NextNRG, highlighted the significance of this restructuring, stating, "This comprehensive financial restructuring represents a transformative moment for NextNRG, dramatically improving our cash flow position and providing the financial stability needed to execute our growth strategy. By reducing our monthly burn by approximately $1 million, through these strategic transactions, we can focus additional resources on scaling our AI-driven energy platform and achieving our path to profitability. We are also excited to be converting a lender into a long-term investor into our Company."

The financial restructuring positions NextNRG with significantly improved cash flow dynamics as the company continues its rapid expansion across multiple energy sectors and geographic markets, bringing it closer to profitability.

About NextNRG, Inc.
NextNRG Inc. (NextNRG) is dedicated to transforming the energy landscape by integrating artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery. At the core of NextNRG's strategy is its Next Utility Operating System®, which leverages AI and ML to enhance energy management efficiency, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to improve energy efficiency, reduce costs, and enhance grid resiliency.

Forward-Looking Statements
The press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties, including those related to NextNRG's business and macroeconomic and geopolitical events. Detailed information about these risks and uncertainties can be found in NextNRG's filings with the Securities and Exchange Commission.

Investor Relations Contact
For more information, contact:
Sharon Cohen
SCohen@nextnrg.com

References:
[1] https://www.globenewswire.com/news-release/2025/07/21/3118783/0/en/NextNRG-Announces-Completion-of-Strategic-Financial-Restructuring-Reducing-Monthly-Burn-by-Approximately-1-Million.html
[2] https://www.stocktitan.net/news/NXXT/next-nrg-announces-completion-of-strategic-financial-restructuring-hcv7cdgyaau6.html