secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001493152-23-029176
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223029176/0001493152-23-029176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223029176/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029176

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