NextNRG CEO Michael Farkas Acquires 1M Restricted Shares At $1.67 Via $1.67M Debt-For-Equity Swap Under September 18 Stock Purchase Agreement

On September 18, 2025, NextNRG, Inc (the "Company") entered into a Stock Purchase Agreement (the "SPA") with its Chief Executive Officer and Executive Chairman, Michael D. Farkas (the "Lender"). Pursuant to the SPA, the Company issued 1,000,000 restricted shares if its common stock to the Lender at a price of $1.67 per share. The purchase price was paid by the Lender through the cancellation and discharge of $1,670,000 of outstanding indebtedness owed by the Company to the Lender under promissory notes dated May 5, 2025, May 9, 2025, May 19, 2025, May 20, 2025, and June 10, 2025.

- SEC Filing