secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001493152-23-018119
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill amends $1.5M convertible note with AJB Capital, adds floor price and restricts conversions to default events
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- Added floor price of $5.92 (Nasdaq Minimum) until shareholder approval, then $0.20; conversions only after default.
- Extended shareholder approval deadline to 90 days from April 19, 2023, with meetings every 4 months if not obtained.
- Amended consulting agreement with Mountain Views (Daniel Arbour) to $5,000/month with revised scope and termination terms.
- If terminated for cause, Arbour must resign from board; termination without cause triggers lump-sum payment for remaining contract period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223018119/0001493152-23-018119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223018119/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer