EzFill to acquire Next Charging in all-stock deal; issues 100M shares

NEXTNRG, INC.

EzFill acquires 100% of Next Charging LLC for 100M shares of common stock (16M vest at close; 84M restricted).
Michael Farkas, current Next Charging CEO and ~24% EzFill holder, to become CEO, Director and Executive Chairman at close.
Closing requires shareholder approval to boost authorized shares from 50M to 500M; target by Dec 30, 2023.
Restricted shares vest upon milestones: acquisitions, funding, fueling stations, EV charging deployments.
Next Charging develops wireless EV charging with battery storage and solar; becomes wholly-owned subsidiary.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEXTNRG, INC. entered into Exchange Agreement with the members of Next Charging LLC and Michael Farkas valued at 100% of the membership interests of Next Charging ... in exchange for 100,000,000 shares of Common S (effective 2023-08-10).

Action: entry
Agreement: equity purchase
Counterparty: the members of Next Charging LLC and Michael Farkas
Value: 100% of the membership interests of Next Charging ... in exchange for 100,000,000 shares of Common S
Effective: 2023-08-10

Exact text from the filing

On August 10, 2023, EzFill Holdings, Inc. (the “ Company ”) , the members (the “ Members ”) of Next Charging LLC (“ Next Charging ”) and Michael Farkas, an individual, as the representative of the members, entered into an Exchange Agreement (the “ Exchange Agreement ”), pursuant to which the Company agreed to acquire from the Members 100% of the membership interests of Next Charging (the “ Membership Interests ”) in exchange for the issuance (the “ Share Exchange ”) by the Company to the Members of shares of common stock

View on SEC.gov

26 material agreements filed in the last 30 days. Browse all material agreements →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-029176

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.