---
title: "NextNRG Raises $2.1M via Receivables Sale and Settles $1.75M Debt With Equity; Note Terminated"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279094921.md"
description: "NextNRG has raised $2.1 million by selling 6.87% of its future receipts and settled $1.75 million of debt through the issuance of 3,181,818 shares at $0.55 each. The company has also terminated an existing $2 million promissory note. These actions aim to enhance liquidity and reduce leverage, with the CEO providing a personal guarantee for the receivables sale."
datetime: "2026-03-13T21:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279094921.md)
  - [en](https://longbridge.com/en/news/279094921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279094921.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279094921.md) | [繁體中文](https://longbridge.com/zh-HK/news/279094921.md)


# NextNRG Raises $2.1M via Receivables Sale and Settles $1.75M Debt With Equity; Note Terminated

NextNRG executed two financing moves and retired an existing note. The company sold 6.87% of future receipts for $2,100,000 upfront (less $105,035 fees), committing to biweekly remittances and granting a first-priority lien, with a personal guaranty from its CEO. Separately, NextNRG issued 3,181,818 shares at $0.55 per share to extinguish $1,750,000 of noteholder debt, and concurrently terminated the underlying promissory note. The actions provide liquidity and reduce leverage.

**Agreement 1: NextNRG Issues 3.18M Shares at $0.55 to Settle $1.75M of Noteholder Debt**

-   **Agreement type**: Stock Purchase Agreement (debt-for-equity exchange)
-   **Counterparty**: Noteholder
-   **Signed / Effective**: Mar 11 2026 / same
-   **Duration / Termination**: N/A
-   **Reason**: Reduce debt via equity issuance to settle note

**Agreement 2: NextNRG Sells 6.87% of Future Receipts for $2.1M; Up to $2.772M to Purchaser**

-   **Agreement type**: Future receivables sale and purchase agreement
-   **Counterparty**: Purchaser
-   **Signed / Effective**: Mar 09 2026 / Mar 05 2026
-   **Duration / Termination**: Until $2,772,000 delivered
-   **Reason**: Bolster liquidity by monetizing future receipts

**Agreement 3: NextNRG Terminates $2.0M Promissory Note After $1.75M Debt-for-Equity Settlement**

-   **Agreement terminated**: Promissory note
-   **Counterparty**: Noteholder
-   **Original agreement date**: Jul 15 2025
-   **Termination date**: Mar 11 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Note settled via stock purchase consideration

Original SEC Filing: NEXTNRG, INC. \[ NXXT \] - 8-K - Mar. 13, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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