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NextNRG Signs Deal for $6.4 Million Private Stock Sale

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NextNRG (NXXT) said Tuesday it has signed a private deal to sell 10 million shares of common stock to a single institutional buyer for gross proceeds of approximately $6.4 million.

The company expects the deal to close by Wednesday, subject to customary closing requirements, it added.

Net funds will support growth across business units, boost working capital, accelerate expansion, and eliminate outstanding convertible debt, NextNRG said.

Shares of the company were up about 6.4% in Tuesday trading.

Price: $0.94, Change: $+0.08, Percent Change: +9.41%

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