🟢 NXXT is trading 9.4% up today after announcing a $6.4 million private placement

NXXT is trading 9.4% up at $0.94 after the company announced it secured approximately $6.4 million in a private placement with an institutional investor.

• The company entered into a securities purchase agreement for the sale of 10,000,000 shares of common stock.
• Net proceeds will be used to support growth, strengthen working capital, accelerate expansion, and eliminate outstanding convertible debt.
• The financing announcement provides a clear catalyst for today's trading activity, beyond the positive sentiment from recent record revenue reports.