---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011742"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T04:18:05.215867+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $262.5K promissory note with related party; 13% interest, potential 2.5M share penalty

## Summary
- Principal $262,500 includes $12,500 OID; matures April 4, 2024.
- Interest 5% for first month then 13% per annum thereafter.
- Lender is The Farkas Group, controlled by Michael Farkas, ~26% shareholder (related party).
- Note becomes immediately due if EzFill raises $750K+ in debt or equity.
- Failure to repay within 48 hours of maturity/early trigger requires issuing 2.5M common shares.

## SEC filing metadata
- accession: 0001493152-23-011742
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315223011742/0001493152-23-011742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223011742/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011742
- JSON: https://secwatch.observer/filing/0001493152-23-011742.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011742.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223011742/0001493152-23-011742-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223011742/0001493152-23-011742-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.