NEXTNRG Gets Nasdaq Delisting Notice After Failing $1 Bid Rule

What happened

NEXTNRG, Inc., which files under the ticker NXXT and is listed in the retail-auto dealers and gasoline stations category, disclosed in a Form 8-K filed September 18, 2026 that it received a delisting notice from The Nasdaq Stock Market on September 15, 2026.

According to the filing, the company had been told on March 16, 2026 that its common stock closed below $1.00 per share for 30 consecutive business days and no longer met Nasdaq's minimum bid price requirement for continued listing. Nasdaq gave the company 180 days, until September 14, 2026, to regain compliance.

The filing states the company had not regained compliance by that deadline. Nasdaq also told the company it does not qualify for a second 180-day period because it lacks the stockholders' equity required to meet initial listing standards.

NEXTNRG said it received a letter the same day, September 15, 2026, stating its common stock will be delisted unless it requests a hearing before the Nasdaq Hearings Panel by September 22, 2026. The company said it has paid the hearing request fee and intends to request a hearing on time.

The filing also notes that on September 14, 2026 the company filed a Certificate of Amendment to effect a one-for-ten reverse split of its common stock, effective at 12:01 a.m. that day. Since then, the filing says, the stock has traded above the $1.00 minimum bid requirement, though the company said there is no assurance it will stay above it.

The stock closed at $1.14 on the day the 8-K was filed, down 1.72% from the prior close of $1.16.

The company

NEXTNRG, Inc. is incorporated in Delaware and its principal executive offices are at 407 Lincoln Rd. #9F, Miami Beach, Florida. It is registered with the SEC under Commission File Number 001-40809.

Its common stock has a par value of $0.0001 per share and trades on the Nasdaq Capital Market under the symbol NXXT. The filing identifies Michael D. Farkas as Chief Executive Officer.

What this means

A Form 8-K is a current report that a US-listed company must file with the Securities and Exchange Commission when certain events occur between its regular quarterly and annual reports. Item 3.01, cited in this filing, covers a notice of delisting or failure to satisfy a continued listing rule, or a transfer of listing.

Nasdaq Listing Rule 5550(a)(2) requires a listed stock to maintain a minimum bid price of $1.00 per share. Under Rule 5810(c)(3)(A), a company falls out of compliance if its closing bid price stays below $1.00 for 30 consecutive business days. A company that falls below the threshold is generally given 180 calendar days to fix it.

A reverse split is a corporate action in which a company combines multiple existing shares into fewer new ones. In a one-for-ten reverse split, every ten shares become one. The share count falls, and because the same underlying business is now divided into fewer shares, the price per share rises proportionally. That is the mechanical reason a stock often trades above $1.00 immediately after a reverse split — it is arithmetic, not a change in the company's value.

A delisting notice is not the same as being delisted. Nasdaq's rules allow a company to appeal to a Hearings Panel, which this filing says NEXTNRG intends to do by September 22, 2026. A timely request automatically stays any further suspension or delisting action while the Panel decides, so the stock continues to trade on Nasdaq during the appeal.

The filing states plainly that there can be no assurance the Panel will grant continued listing, or that the company will regain and maintain compliance. Under the rules described here, the next visible step is the company's hearing request and, after that, the Panel's decision.