NextNRG Executes Promissory Note for Working Capital

An update from NextNRG ( (NXXT) ) is now available.

NextNRG, Inc. entered into a Master Lease Agreement with Equify Financial, LLC on June 9, 2025, to lease equipment under various lease schedules. The agreement includes terms for rent payments, late charges, and indemnification clauses. On the same day, the company also entered into Equipment Lease Schedule No. 001 for a 36-month term, with a total equipment cost of $899,640. Additionally, on June 10, 2025, NextNRG executed a promissory note with Michael D. Farkas for $436,000 to support working capital, with a 12% interest rate and a maturity date of June 9, 2026, or upon a capital raise of at least $4 million.

Spark’s Take on NXXT Stock

According to Spark, TipRanks’ AI Analyst, NXXT is a Neutral.

NextNRG’s stock score is driven by its challenging financial position, with consistent losses and high leverage weighing heavily on its performance. Despite technical indicators suggesting bearish momentum, recent corporate events like inclusion in the Russell indexes and revenue growth indicate potential positive shifts in market perception. However, valuation concerns remain due to negative earnings and the absence of a dividend yield.

To see Spark’s full report on NXXT stock, click here.

More about NextNRG

Average Trading Volume: 54,347

Technical Sentiment Signal: Sell

Current Market Cap: $353.1M

Learn more about NXXT stock on TipRanks’ Stock Analysis page.