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NEXTNRG, INC.NXXT · Nov 6, 4:05 PM ET

NextNRG exchanges $7 million in CEO-owed debt for Series D preferred stock

NextNRG entered a debt exchange with CEO Michael D. Farkas, converting $7,000,000 in notes, interest and guarantee fees into 7,000 shares of Series D Convertible Voting Preferred Stock, a related-party transaction approved by the Audit Committee and Board.

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