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entered into an amendment to its Series C convertible preferred stock purchase agreement on September 30, 2026, coinciding with its planned redomestication from Delaware to Nevada.
The amendment modifies the terms of the securities issued to an institutional investor and adjusts conditions for future closings, while the company simultaneously appeals a Nasdaq delisting determination.
The original Securities Purchase Agreement, dated August 13, 2026, allowed NextNRG to issue up to 3,000,000 shares of Series C Convertible Non-Voting Preferred Stock for an aggregate price of $27.2 million.
At the initial closing that same day, the company sold 1,000,000 shares for $9.2 million.
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