UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On November 24, 2025, NextNRG, Inc. (the “Company”) and its CEO, Executive Chairman and majority stockholder Michael D. Farkas entered into a Stock Purchase Agreement (the “SPA”) pursuant to which the Company issued 1,000,000 restricted shares of its common stock to Mr. Farkas at a price of $1.04 per share in exchange for an agreement by Mr. Farkas to settle certain indebtedness owed by the Company to Mr. Farkas, in the aggregate amount of $1,040,000, pursuant to interest accrued on certain promissory notes issued by the Company (or its subsidiaries) to Mr. Farkas between June 2023 and February 2025. The principal under such promissory notes remains outstanding.
The foregoing description of the SPA does not purport to be complete and is qualified in its entirety by reference to the full text of the SPA, a copy of which is filed herewith as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description | |
| 10.1 | Stock Purchase Agreement, dated as of November 24, 2025, by and between the registrant and Michael D. Farkas. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NextNRG, Inc. | ||
| Date November 28, 2025 | By: | /s/ Michael Farkas |
| Name: | Michael Farkas | |
| Title: | Chief Executive Officer | |