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NextNRG, Inc. Enters $7,000,000 Debt Exchange Agreement with CEO Michael D. Farkas
Source: Nasdaq
Credit & Bond MarketsCompany FundamentalsManagement & Governance
On November 2, 2026, NextNRG agreed to exchange $7 million of outstanding debt and accrued obligations owed to CEO Michael D. Farkas for 7,000 newly designated Series D Convertible Voting Preferred shares. The excerpt provides no conversion terms or other details to assess the exchange’s net effect on the company’s capital structure.
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