NextNRG, Inc. filed a Form 8-K on October 27, 2026, disclosing that it received a written notice from Nasdaq on October 21, 2026, stating that the company's market value of listed securities fell below the required minimum for 30 consecutive business days.

Key Highlights

  • MVLS deficiency: According to the filing, NextNRG's market value of listed securities was below the minimum of $35,000,000 required for continued listing for 30 consecutive business days from September 9, 2026 through October 20, 2026.
  • Alternative standards also unmet: The MVLS Notice noted that the company does not meet the minimum stockholders' equity of $2,500,000 under Nasdaq Listing Rule 5550(b)(1), nor the net income from continuing operations of $500,000 requirement under Nasdaq Listing Rule 5550(b)(3).
  • Compliance deadline: The company has 180 calendar days, or until April 19, 2027, to regain compliance with the MVLS Requirement, the filing disclosed.
  • No immediate listing impact: The filing states the MVLS Notice "has no immediate effect on the listing or trading of the Company's securities."
  • Prior bid price delisting appeal pending: The company conducted a 1-for-10 reverse stock split effective September 14, 2026, and a hearing before the Nasdaq Hearings Panel took place on October 22, 2026; the Panel's final written decision had not yet been issued as of the filing date.
  • Panel may weigh new deficiency: The filing noted that the Panel may consider the company's noncompliance with the MVLS Requirement in its delisting appeal determination.

NextNRG Discloses Multiple Nasdaq Listing Standard Deficiencies

NextNRG, Inc. (NASDAQ:NXXT), headquartered at 407 Lincoln Rd. #9F, Miami Beach, Florida, disclosed in an October 27, 2026 Form 8-K that it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC on October 21, 2026. The notice stated that the company's market value of listed securities had been below the required minimum of $35,000,000 for 30 consecutive business days, from September 9, 2026 through October 20, 2026, falling short of the requirement under Nasdaq Listing Rule 5550(b)(2).

The MVLS Notice also indicated, according to the filing, that the company does not currently meet either of the two alternative continued listing standards: minimum stockholders' equity of $2,500,000 under Nasdaq Listing Rule 5550(b)(1), or net income from continuing operations of $500,000 under Nasdaq Listing Rule 5550(b)(3). The company reported that it has until April 19, 2027 to regain compliance with the MVLS Requirement. Compliance can also be achieved by demonstrating stockholders' equity of at least $2,500,000 to Nasdaq's satisfaction, in which case, the filing stated, "the deficiency identified in the MVLS Notice would be resolved."

The filing also referenced a previously disclosed situation in which Nasdaq notified the company on March 16, 2026 that it had fallen below the minimum bid price requirement of $1.00 per share. After a September 15, 2026 determination by Nasdaq to delist the company's common stock, the company effected a 1-for-10 reverse split effective September 14, 2026, and requested a hearing before the Nasdaq Hearings Panel. That hearing took place on October 22, 2026, and the filing states the Panel's final written decision had not yet been issued. The filing noted that "there can be no assurance that the Panel will grant the Company's request for continued listing." The filing includes forward-looking statements, which the company identified as subject to risks and uncertainties described in its regulatory filings.

What Was Disclosed

NextNRG disclosed receipt of a Nasdaq notice of failure to meet the market value of listed securities requirement, along with two alternative listing standards. The company has until April 19, 2027 to regain compliance, while a separate delisting appeal hearing has already occurred with a decision still pending.