NextNRG (NXXT) said Tuesday it has completed a strategic equity investment following a stock purchase agreement with an investor on Jan. 20.

The investment comes from a strategic investor, with plans to make continued investments over the next five to six months, it said. Last week, it terminated its at-the-market sales program.

Late Monday, the company said in a regulatory filing that it struck a deal on Jan. 20 to sell 462,962 shares at $1.08 each to an investor to raise about $500,000.

Shares were down more than 9% in recent Tuesday trading.

Price: 0.94, Change: -0.09, Percent Change: -9.03