{"url_path":"/sec/nxt/8-k/2026-06-22/item-3-02","section_key":"item-3-02","section_title":"Item 3.02 Unregistered Sales of Equity Securities.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1852131/0001852131-26-000026-index.html","accession_number":"0001852131-26-000026","cik":"0001852131","ticker":"NXT","issuer_name":"Nextpower Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1852131/0001852131-26-000026-index.html","primary_entity_key":"0001852131","primary_entity_name":"Nextpower Inc."},"word_count":212,"has_tables":true,"body_markdown":"Item 3.02     Unregistered Sales of Equity Securities.\n\nOn June 21, 2026, a subsidiary of Nextpower LLC, a Delaware limited liability company, entered into a share purchase and transfer agreement (the “Share Purchase Agreement”) to purchase all of the issued and outstanding limited partnership interests in Zimmermann PV-Steel Group GmbH & Co. KG, a limited partnership organized under the laws of Germany (“Zimmerman PV-Steel”), for total consideration of up to €330 million, consisting of (i) approximately €180 million in cash consideration to be paid at closing, (ii) €105 million in stock consideration consisting of shares of Class A common stock of Nextpower Inc. (“Nextpower”), a Delaware corporation (“Common Stock”) to be issued at closing and priced at the average of the daily volume-weighted average prices for Common Stock on the Nasdaq Stock Market LLC for each of the 30 consecutive complete trading days ending on the second trading day immediately preceding the closing date and (iii) up to €45 million of contingent cash consideration, subject to the terms and conditions of the Share Purchase Agreement.\n\nThe Common Stock to be issued as consideration in the acquisition will be issued in reliance on the exemption from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) provided by Section 4(a)(2) thereof."}