NextNRG, Inc. Closes Public Offering to Boost Renewable Energy

NextNRG Finalizes Significant Public Offering
NextNRG, Inc. is thrilled to share that it has successfully closed a public offering, raising substantial capital for its future projects in renewable energy and mobile fueling. This calculated move is expected to propel the company forward, solidifying its position in the evolving energy market.
Details of the Offering
As part of the offering, NextNRG sold 5,000,000 shares of common stock at an attractive price of $3.00 per share. This initiative generated gross proceeds of $15,000,000, which will be essential in laying the groundwork for the company’s ambitious expansion plans. The underwriters also received a 45-day option to purchase up to an additional 750,000 shares, ensuring flexibility in meeting potential demand.
Transformation Post-Merger
Previously known as EzFill Holdings, Inc., NextNRG officially transitioned to its new identity on February 14, 2025. This name change accompanied a shift from its former ticker symbol “EZFL” to “NXXT” on the Nasdaq Capital Market, reflecting a new era for the company. With this fresh identity, NextNRG aims to enhance its brand recognition and focus on pivotal innovations within the renewable energy sector.
Strategic Use of Proceeds
The capital obtained from this offering is earmarked for various strategic initiatives. The majority of the funds will facilitate business expansion and advance ongoing projects that aim to integrate renewable energy solutions across multiple sectors. Furthermore, a portion of the proceeds will be allocated to reducing outstanding debts, demonstrating the company’s commitment to financial health while pursuing new opportunities for growth.
Partnering for Success
To ensure the effective execution of the offering, ThinkEquity has stepped in as the sole book-runner. Additionally, legal counsel from Anthony, Linder & Cacomanolis, PLLC, and Loeb & Loeb LLP has provided essential guidance throughout this process, ensuring compliance and thoroughness in every aspect of the offering.
NextNRG’s Vision for Sustainable Energy
NextNRG is dedicated to forging a path toward a greener future. The company focuses on renewable energy, mobile fueling, and advanced energy infrastructure, integrating cutting-edge technologies like artificial intelligence and machine learning into its operations. Through such innovations, NextNRG envisions creating an ecosystem that harmonizes solar energy generation, battery storage, and on-demand fuel delivery.
Smart Microgrids: The Future of Energy
Central to NextNRG's strategy is the deployment of Smart Microgrids. These systems will leverage artificial intelligence to optimize energy management, enhancing efficiency and cost-effectiveness. Aimed at commercial properties, schools, and rural areas, these microgrids will be pivotal in efforts to promote energy accessibility and support environmental goals.
Advancing On-Demand Fuel Delivery
In addition to its renewable initiatives, NextNRG is enhancing mobile fueling operations, having already integrated sustainable energy into its services. With plans to expand its fleet of fuel delivery trucks and solidify its national presence, the company aims to position itself as a leader in the on-demand fueling industry. The recent acquisition of Yoshi Mobility’s fuel division is a testament to this commitment, further amplifying its capability to deliver efficient and green energy solutions.
Future Prospects for NextNRG
The merger with EzFill has provided NextNRG with a tremendous advantage in navigating the energy landscape. As demand for renewable energy solutions surges, the company is well-positioned to meet the challenges ahead. The potential for growth is vast, and with its dedicated team, NextNRG is confidently moving toward its goal of revolutionizing energy access while promoting sustainability.
Frequently Asked Questions
What is the purpose of the recent public offering by NextNRG?
The public offering aims to raise capital for business expansion, debt repayment, and general corporate purposes in renewable energy and mobile fueling sectors.
How many shares did NextNRG sell in this offering?
NextNRG sold a total of 5,000,000 shares of common stock at $3.00 per share, generating $15,000,000 in gross proceeds.
What is NextNRG’s strategy for renewable energy?
NextNRG focuses on creating an integrated ecosystem using solar energy, battery storage, and mobile fueling, powered by innovative technologies.
Who acted as the book-runner for the offering?
ThinkEquity served as the sole book-runner for NextNRG's public offering, ensuring a smooth execution of the process.
What are Smart Microgrids, and how are they related to NextNRG?
Smart Microgrids use AI-driven energy management to enhance efficiency and resilience, supporting NextNRG's mission to deploy renewable energy solutions widely.
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