NEXTNRG, INC. (NXXT): debt financing — EzFill enters $250K loan agreement with Stripe; repayment includes $25,250 fee

NEXTNRG, INC.

Loan of $250,000 from Stripe, Inc. for working capital; total repayment amount $275,250 (including $25,250 fee).
Daily automatic withholding of 8.9% of merchant receivables processed through Stripe until repaid.
Repayment period: June 21, 2023 to December 12, 2024; secured by merchant receivables and other business assets.
Default triggers include breach, missed payments, bankruptcy, or material misrepresentation; remedies include increased withholding or accelerated repayment.

item 1.01 item 2.03 item 9.01

Key facts

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 $250,000 with Stripe, Inc. maturing December 12, 2024.

Instrument: loan
Principal: $250,000
Counterparty: Stripe, Inc.
Maturity: December 12, 2024
Event: incurrence

Exact text from the filing

EzFill Holdings, Inc. (the “Company”) and Stripe, Inc. (the “Lender”) entered into a Loan Agreement (the “Loan Agreement”) on June 14, 2023, wherein, the Lender has agreed to loan the Company $250,000 for working capital purposes (the “Loan”).

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8 debt financings filed in the last 30 days. Browse all debt financings →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-021795

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