NextNRG Sets 1-for-10 Reverse Split Effective October 30; NXXT Falls 27%

NextNRG, Inc. (NXXT) will implement a 1-for-10 reverse split of its issued and outstanding common stock, effective at 12:01 a.m. Eastern Time on October 30, 2026, the AI-driven energy company said. Shares fell 27.00% to $0.38 following the announcement. The stock will begin trading on a split-adjusted basis on Nasdaq under the same symbol, 'NXXT,' at the October 30 open. Outstanding shares will drop to approximately 1.68 million from roughly 16.84 million, and authorized common stock will fall to 50 million from 500 million. The CUSIP will become 652941303. For the second quarter of 2026, NextNRG reported revenue of approximately $27.75 million, up 41% from $19.69 million a year earlier. Net loss narrowed to approximately $6.62 million, or $0.04 per share, from $36.13 million, or $0.30 per share. NXXT has traded between $0.36 and $22.20 over the past 52 weeks.