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NextNRG (Nasdaq: NXXT) has completed a public offering of 5,000,000 shares of common stock at $3.00 per share, raising $15 million in gross proceeds before deducting underwriting discounts and expenses. The company has granted underwriters a 45-day option to purchase up to 750,000 additional shares for over-allotments.
The company, formerly known as EzFill Holdings, completed a share exchange agreement and began trading under the new ticker symbol NXXT on February 14, 2025. The proceeds will be used to expand business operations, repay outstanding debt, and for general corporate purposes including working capital. ThinkEquity served as the sole book-runner for the offering.
NextNRG (NASDAQ: NXXT) has announced a fleet fueling agreement with Florida Beauty, a division of Mogul Energy International. The agreement involves providing mobile fueling solutions for Florida Beauty's fleet of over 200 semi-trucks and 300 refrigerated trailers.
Florida Beauty, one of the nation's largest floral logistics companies, handles more than 1,000 loads during peak seasons from facilities in Miami, FL and Ventura CA. The company spends approximately $12 million annually on fleet refueling. The partnership aims to improve efficiency through direct fuel delivery, reducing operational disruptions and labor costs.
The collaboration aligns with Miami International Airport's role in handling 90% of U.S. fresh-cut flower imports during peak seasons, with annual floral imports exceeding 1.1 billion stems. The companies are also discussing potential fleet electrification and smart microgrid deployment.
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