NextNRG, Inc. filed a Form 8-K on November 13, 2026, disclosing that trading in its common stock on Nasdaq was suspended at the open of trading on November 12, 2026, following a Nasdaq Hearings Panel decision to deny the company's request to continue its listing.

Key Highlights

  • Trading suspended: Nasdaq suspended trading in NextNRG common stock (NASDAQ:NXXT) at the open of trading on November 12, 2026.
  • Panel denial: The Nasdaq Hearings Panel notified the company on November 9, 2026, that it denied the company's request to continue its listing on Nasdaq.
  • Suspension postponed one day: The suspension was originally set for November 11, 2026, but was postponed after Nasdaq discovered it had believed the conversion price of the company's Series C Convertible Non-Voting Preferred Stock was $1.35 per share, when the applicable conversion price is $13.50 per share.
  • OTC Markets listing: The company's common stock began trading on the OTC Markets under the symbol "NXXT" on November 12, 2026.
  • Reconsideration requests filed: The company submitted a request for reconsideration to the Panel and intends to request review by the Nasdaq Listing and Hearing Review Council, though neither request will stay the trading suspension.
  • Prior listing deficiencies: The company was previously notified on March 16, 2026, of non-compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and on October 21, 2026, of non-compliance with the $35 million market value of listed securities requirement under Nasdaq Listing Rule 5550(b)(2).

NextNRG Delisted from Nasdaq After Hearing Panel Denies Continued Listing

According to the filing, NextNRG, Inc. had been subject to Nasdaq listing deficiency proceedings since March 16, 2026, when it was notified of non-compliance with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Following the expiration of the applicable compliance period, Nasdaq's Listing Qualifications Staff issued a delisting determination on September 15, 2026. The company was further notified on October 21, 2026, that it also did not comply with the $35 million market value of listed securities requirement under Nasdaq Listing Rule 5550(b)(2) or the alternative continued listing standards under Nasdaq Listing Rule 5550(b).

The company disclosed that a hearing was held on October 22, 2026, and that the Nasdaq Hearings Panel notified the company on November 9, 2026, of its decision to deny the request to continue listing. Trading was initially set to be suspended at the open on November 11, 2026, but Nasdaq postponed the suspension by one day. The filing states that Nasdaq postponed the action because "Nasdaq had originally believed that the conversion price of Company's Series C Convertible Non-Voting Preferred Stock, par value $0.0001 per share was $1.35 per share," while "the applicable conversion price is $13.50 per share." The suspension ultimately took effect at the open of trading on November 12, 2026.

The company disclosed that it has submitted a request for reconsideration to the Panel and also intends to request that the Nasdaq Listing and Hearing Review Council review the Panel's decision. The filing states that "neither the request for reconsideration nor a request for review by the Listing Council will stay the suspension of trading." The filing further states that "the suspension of trading on Nasdaq does not affect the Company's operations, and the Company will continue to file periodic and current reports with the Securities and Exchange Commission." The filing contains forward-looking statements that are, according to the company's cautionary language, "subject to risks and uncertainties, and actual results may differ materially."

What Was Disclosed

NextNRG, Inc. reported the suspension of its common stock from Nasdaq effective November 12, 2026, the one-day postponement related to a conversion price discrepancy, the stock's movement to OTC Markets under symbol "NXXT," and the company's pending reconsideration requests.