NextNRG Announces Nasdaq Hearings Panel Decision and Intent to Request Listing Council Review

MIAMI BEACH, FL, Nov. 10, 2026 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT) (“NextNRG” or the “Company”), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced that, on November 9, 2026, the Nasdaq Hearings Panel (the “Panel”) notified the Company that it has determined to deny the Company’s request to continue its listing on The Nasdaq Stock Market LLC (“Nasdaq”), and that trading in the Company’s common stock will be suspended at the open of trading on November 11, 2026. The Company intends to immediately exhaust all available avenues and request that the Nasdaq Listing and Hearing Review Council (the “Listing Council”) review the Panel’s decision and conclusions. Any request will not however stay any suspension.

As previously reported, on March 16, 2026, Nasdaq notified the Company that it did not comply with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2), and on September 15, 2026, following the expiration of the applicable compliance period, the Company received a determination from the Nasdaq Listing Qualifications Staff to delist the Company’s common stock. On October 21, 2026, the Company was further notified that it did not comply with the $35 million market value of listed securities requirement of Nasdaq Listing Rule 5550(b)(2) or the alternative continued listing standards under Nasdaq Listing Rule 5550(b). The Company timely requested a hearing before the Panel, which stayed the delisting and suspension pending the Panel’s decision, and a hearing was held on October 22, 2026.