{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-024195","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2023-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.396122+00:00","generated_at":"2026-06-13T10:12:12.609361+00:00","sec_items":["1.01","2.03","3.02","3.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EzFill enters $440K promissory note with related party Next Charging; interest 8% then 18%.","bullets":["Loan principal $440,000 with $40,000 OID (10%); net proceeds ~$400,000 disbursed in two $200k tranches.","Interest 8% for first 9 months, then 18% thereafter; maturity date September 5, 2023, extendable in 2-month periods.","Lender is Next Charging, LLC, managed by Michael Farkas (beneficial owner of ~24% of EzFill common stock).","Upon default, unpaid principal and interest multiplied by 150% become due; Next obtains conversion rights at 10-day VWAP.","If EzFill completes a capital raise of at least $2M, entire outstanding principal and interest become immediately due."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-024195","json":"https://secwatch.observer/filing/0001493152-23-024195.json","markdown":"https://secwatch.observer/filing/0001493152-23-024195.md","text":"https://secwatch.observer/filing/0001493152-23-024195.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223024195/0001493152-23-024195-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223024195/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:12:12.609361+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f401112978b3cb772e11e838a6928b3f8ea5a80c","claim":"NEXTNRG, INC. incurred loan of $440,000 with Next Charging, LLC at 8% per annum for the first nine months, afterward, the Note will begin to accrue maturing September 5, 2023.","evidence_excerpt":"On July 5, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $440,000 (the “Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223024195/0001493152-23-024195-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$440,000"},{"label":"Counterparty","value":"Next Charging, LLC"},{"label":"Rate","value":"8% per annum for the first nine months, afterward, the Note will begin to accrue"},{"label":"Maturity","value":"September 5, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7bfe365a9371391cfb2aaf951c6d6882d3849acf","claim":"NEXTNRG, INC. entered into Note with Next Charging, LLC valued at $440,000 (effective 2023-07-05).","evidence_excerpt":"On July 5, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $440,000 (the “Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223024195/0001493152-23-024195-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Next Charging, LLC"},{"label":"Value","value":"$440,000"},{"label":"Effective","value":"2023-07-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}