Nasdaq issues NextNRG MVLS continued-listing deficiency notice

Nasdaq MVLS notice: NextNRG's market value of listed securities was below the $35,000,000 minimum for 30 consecutive business days from September 9 through October 20, 2026.

Alternative standards: Nasdaq stated that NextNRG did not meet the $2,500,000 minimum stockholders' equity standard or the $500,000 net income from continuing operations standard.

Compliance period: The MVLS notice has no immediate effect on trading, and NextNRG has 180 calendar days, until April 19, 2027, to regain compliance.

Compliance threshold: NextNRG could regain compliance if its MVLS closes at or above $35,000,000 for at least ten consecutive business days, although Nasdaq may require a longer period, generally no more than 20 consecutive business days.

Bid-price appeal: Nasdaq determined on September 15, 2026, that NextNRG had not regained compliance with the $1.00 minimum bid price requirement and was not eligible for a second 180-day compliance period.

Reverse split and hearing: NextNRG effected a one-for-ten reverse split effective September 14, 2026; the Nasdaq Hearings Panel held its hearing on October 22, 2026, with its written decision still pending.

Potential delisting effects: NextNRG stated that delisting could reduce stock liquidity and market price, reduce potential investors and equity-financing ability, limit use of registration statements, and impair employee equity incentives.