Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXTNRG, INC. incurred loan of $262,500 with The Farkas Group, Inc. at 5% per annum for the first month and 13% per annum thereafter maturing April 4, 2024.
- Instrument
- loan
- Principal
- $262,500
- Counterparty
- The Farkas Group, Inc.
- Rate
- 5% per annum for the first month and 13% per annum thereafter
- Maturity
- April 4, 2024
- Event
- incurrence
Exact text from the filing
is the beneficial owner of approximately 26% of the Company’s common stock and is the sole shareholder and President of the Lender. The Promissory Note has a principal sum of $262,500 including original issue discount of $12,500 and matures on April 4, 2024 (the “Maturity Date”). The unpaid principal balance of the Promissory Note from time to time outstanding
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXTNRG, INC. entered into Promissory Note with The Farkas Group, Inc. valued at $262,500 (effective 2023-04-04).
- Action
- entry
- Counterparty
- The Farkas Group, Inc.
- Value
- $262,500
- Effective
- 2023-04-04
Exact text from the filing
On April 4, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) entered into a promissory note (the “Promissory Note”) with The Farkas Group, Inc. (the “Lender”).
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