NextNRG Inc. Secures $2 Million Promissory Note for Working Capital Needs at 18% Interest Rate

Reuters

07/18

<a href="https://laohu8.com/S/NXXT">NextNRG Inc.</a> Secures $2 Million Promissory Note for Working Capital Needs at 18% Interest Rate

NextNRG Inc. has recently entered into a new financing agreement with a lender, as detailed in a promissory note dated July 15, 2025. The company secured a $2 million loan to support its working capital needs. The loan carries an 18% annual interest rate, with an original issue discount of 5%, and is set to mature on March 11, 2026. As part of the agreement, NextNRG Inc. is obligated to make monthly payments of $125,000 starting from August 15, 2025. Additionally, the company has opted to pay the full $360,000 interest by issuing 197,802 restricted shares of its common stock, valued at approximately $1.82 per share. This strategic financial move aims to bolster the company's operational capabilities and growth prospects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-020087), on July 17, 2025, and is solely responsible for the information contained therein.

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Secures $2 Million Promissory Note for Working Capital Needs at 18% Interest Rate\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-18 05:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/NXXT\">NextNRG Inc.</a> Secures $2 Million Promissory Note for Working Capital Needs at 18% Interest Rate\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NextNRG Inc. has recently entered into a new financing agreement with a lender, as detailed in a promissory note dated July 15, 2025. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-020087), on July 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4144","symbol_name":"石油與天然氣的儲存和運輸","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250717:nNDL3zNR4f:1","article_id":"2552434194","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552434194","pubTimestamp":1752787276,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NextNRG Inc. has recently entered into a new financing agreement with a lender, as detailed in a promissory note dated July 15, 2025. 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