NextNRG (NXXT) Targets $75M Capital Injection
An aerial view of a solar power plant, the sun's rays illuminating the surrounding landscape.
The company is targeting up to $75 million from the offering. The sales agents are tasked with using all commercially available efforts to sell NextNRG shares at any specified price, time, and size limits. In return, the company is to pay the agents a fixed commission rate of 3% of the gross proceeds.
The offering comes on the heels of NextNRG's acquisition of ReFuel Mobile, a Canadian mobile refueling company. The acquisition marks the company's first international expansion and is expected to close on August 1.
NextNRG Inc. (NASDAQ:NXXT) is a provider of renewable energy and mobile fueling solutions. It develops and deploys integrated energy systems, including solar power generation, battery storage, wireless EV charging, and on-demand fuel delivery.
While we acknowledge the potential of NXXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
TSX Spotlight: 3 Penny Stocks With Market Caps Over CA$60M
As global economic dynamics shift, Canadian markets are navigating a complex landscape influenced by new tariffs and fiscal policies. Despite these challenges, certain investment areas continue to offer potential opportunities for growth. Penny stocks, often misunderstood as relics of past market eras, still hold promise when backed by strong financials and fundamentals. In this article, we explore several penny stocks that stand out for their financial resilience and potential for long-term success in the current market climate. Top 10 Penny Stocks In Canada Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.69 CA$70.8M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.16 CA$104.26M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.03 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.44 CA$12.18M ★★★★★★ Mandalay Resources (TSX:MND) CA$4.41 CA$429.38M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.76 CA$498.97M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.60 CA$190.84M ★★★★★★ ACT Energy Technologies (TSX:ACX) CA$4.54 CA$153.38M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.93 CA$184.2M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.22 CA$9.14M ★★★★★★ Click here to see the full list of 445 stocks from our TSX Penny Stocks screener. Here's a peek at a few of the choices from the screener. Roots Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Roots Corporation, along with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally with a market cap of CA$123.34 million. Operations: The company's revenue is primarily generated from its Direct-To-Consumer segment, which accounts for CA$226.46 million, supplemented by CA$38.98 million from Partners and Other activities. Market Cap: CA$123.34M Roots Corporation, with a market cap of CA$123.34 million, has shown resilience despite being unprofitable. The company reported first-quarter sales of CA$39.98 million, an increase from the previous year, and reduced its net loss to CA$7.91 million. Roots maintains a satisfactory net debt to equity ratio of 20.1% and has not significantly diluted shareholders over the past year. The management team is experienced with an average tenure of 2.5 years, while the board's tenure averages 7.1 years, offering stability in leadership as it navigates financial challenges and seeks growth opportunities in the retail sector. Click to explore a detailed breakdown of our findings in Roots' financial health report. Learn about Roots' future growth trajectory here. Technologies Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Technologies Inc. operates an online marketplace for buying and selling building materials across the United States, Canada, and internationally, with a market cap of CA$65.22 million. Operations: The company's revenue is derived from two segments: Builddirect, generating $15.59 million, and Pro Centers, contributing $49.38 million. Market Cap: CA$65.22M Technologies Inc., with a market cap of CA$65.22 million, is navigating financial challenges as it remains unprofitable but has improved its position by reducing losses over the past five years. The company's short-term assets exceed both its short and long-term liabilities, providing some financial stability despite a high net debt to equity ratio of 369%. Recent developments include securing loans to facilitate management's acquisition of shares, aligning their interests with shareholders. Additionally, BuildDirect entered into a supply agreement valued at up to US$2 million, marking progress in its commercial strategy within the recreational sector. Get an in-depth perspective on Technologies' performance by reading our balance sheet health report here. Explore historical data to track Technologies' performance over time in our past results report. American Lithium Simply Wall St Financial Health Rating: ★★★★★☆ Overview: American Lithium Corp. focuses on the identification, acquisition, and exploration of mineral properties in Canada, the United States, and Peru with a market cap of CA$81.56 million. Operations: There are no reported revenue segments for American Lithium Corp. Market Cap: CA$81.56M American Lithium Corp., with a market cap of CA$81.56 million, is pre-revenue and faces financial challenges, including a recent net loss of CA$25 million for the year ended February 28, 2025. The company has no debt but struggles with short-term liabilities exceeding its assets by CA$1.3 million. Despite this, it recently raised CA$8.1 million through a private placement to bolster its cash runway beyond the current two-month estimate based on past free cash flow trends. However, auditor concerns about its ability to continue as a going concern remain significant hurdles for potential investors. Click here and access our complete financial health analysis report to understand the dynamics of American Lithium. Assess American Lithium's previous results with our detailed historical performance reports. Seize The Opportunity Embark on your investment journey to our 445 TSX Penny Stocks selection here. Looking For Alternative Opportunities? The latest GPUs need a type of rare earth metal called Dysprosium and there are only 26 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:ROOT TSXV:BILD and TSXV:LI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
Equity Markets Fall as Trump Proposes Higher EU Tariffs
US benchmark equity indexes are on track to close lower on Friday amid reports of President Donald T
Yahoo
26 minutes ago
- Yahoo
'Throw Yourself In With Zealous Passion,' Says Etsy CEO Josh Silverman, Who Went From Theater Major To Running A $5.3 Billion Company
"Throw yourself in with zealous passion," Etsy Inc. (NASDAQ:ETSY) CEO Josh Silverman told Pace University graduates during a commencement speech in May 19. Silverman urged graduates to find work they enjoy. He said over-delivering on every task sparks career-launching opportunities for today's most ambitious new hires. AI Reshapes Early Careers "For me, the most important thing has always been to start by throwing myself in with zealous passion to something that I liked," Silverman said, recounting how failed auditions at Brown University—where he majored in theater— pushed him toward public policy. Payrolls grew by 147,000 jobs in June and the unemployment rate slipped to 4.1%, the Bureau of Labor Statistics reported. Meanwhile, recent college graduates—those aged 22 to 27—faced a jobless rate of 5.8% in early 2025, significantly higher than the general fourth-quarter average. Don't Miss: —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Artificial intelligence is adding pressure. A May National Bureau of Economic Research paper found that generative AI eventually displaces workers when wage renegotiation fails, though it boosts short-term productivity. The World Economic Forum's Future of Jobs Report, released in early January, predicts AI and data processing will create 11 million roles and replace 9 million by 2030. Gen Z is already adapting. Many are adding micro-credentials instead of waiting on advanced degrees. Enrollments in generative-AI courses jumped 866% year over year, according to Coursera. Employers are responding with stipends for upskilling, a trend Coursera says improves retention and closes skill gaps. "I was an absolute sponge in meetings. I hung out by the water cooler, determined not to miss the most interesting conversations," Silverman said. Trending: $100k+ in investable assets? – no cost, no obligation. "Then life opened a totally unexpected door." That door led from answering phones for former Sen. Bill Bradley (D-NJ) after graduating from Brown University. Three years later, Bradley's chief of staff offered him a job at a boutique consulting firm. Silverman said the experience proved that "small rooms often lead to big doors." "Life shouldn't be full of adventure—it should be an adventure, and don't let that scare you. Embrace it," Silverman told the graduates. Those doors kept opening for him—he co-founded Evite, steered Skype, led consumer products at American Express (NYSE:AXP), and became Etsy's CEO in 2017. "Sitting here, you may not be able to clearly see the opportunities ahead, but you will seize them, shape them, and even create them," Silverman told graduates. For those stepping into a workforce transformed by AI, it was his final challenge—and a call to embrace the unknown with confidence. Read Next: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? ETSY (ETSY): Free Stock Analysis Report This article 'Throw Yourself In With Zealous Passion,' Says Etsy CEO Josh Silverman, Who Went From Theater Major To Running A $5.3 Billion Company originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
