NextNRG (NXXT) said Tuesday it has completed a strategic equity investment following a stock purchase agreement with an investor on Jan. 20.
The investment comes from a strategic investor, with plans to make continued investments over the next five to six months, it said. Last week, it terminated its at-the-market sales program.
Late Monday, the company said in a regulatory filing that it struck a deal on Jan. 20 to sell 462,962 shares at $1.08 each to an investor to raise about $500,000.
Shares were down more than 9% in recent Tuesday trading.
Price: 0.94, Change: -0.09, Percent Change: -9.03
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