NextNRG shares climbed sharply in regular and after-hours trading despite the company’s disclosure that a Nasdaq Hearings Panel had decided to delist its stock. The shares ranged from 21 cents to $3.74 during the regular session, then reached $4.55 after the closing bell.
NextNRG finished the regular session at $1.70, with more than 98.4 million shares traded. About 30 minutes after the bell, the stock was still higher, trading at $4.55 on after-hours volume of more than 9.2 million shares.
The company said Nasdaq will suspend trading in its shares at the market open on Nov. 12. NextNRG expects its common shares to begin trading on OTC Markets under the symbol NXXT on or about the same date. It has asked the hearings panel to reconsider its decision and plans to seek a review by the Nasdaq Listing and Hearing Review Council.
In a separate development earlier this month, NextNRG signed a non-binding term sheet with Envision South Bend to acquire property in South Bend, Indiana, where it plans to develop the Lone Wolf Energy Center. The company says it offers an AI-driven Smart Controller, proprietary technology designed to optimize energy generation, storage and consumption.
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