NextNRG (NXXT) Targets $75M Capital Injection

NextNRG Inc. (NASDAQ:NXXT) is one of the best green energy penny stocks to buy right now. On July 3, the company announced an at-the-market sales agreement with ThinkEquity LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC. Under the terms of the contract, the company is to offer its shares of common stock to the public.

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.

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Disclosure: None. This article is originally published at Insider Monkey.