NextNRG Announces 1-for-10 Reverse Split to Regain Nasdaq Compliance
NXXT is trading near its 52-week low of $0.189 (11% below the low).
Summary
NextNRG will execute a 1-for-10 reverse stock split effective September 14, 2026, reducing outstanding shares from approximately 168.4 million to 16.8 million. The move is aimed at lifting the stock price, which trades near its 52-week low of $0.1887, to maintain Nasdaq listing requirements. Fractional shares will be rounded up, and the new CUSIP is 652941204. This follows a recent 25-year solar contract with Taft Medical Complex, but the reverse split signals ongoing pressure on the share price. Traders should note the split-adjusted trading begins September 14.
At the time of this announcement, NXXT was trading at $0.17 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $32.5M. The 52-week trading range was $0.19 to $2.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.