{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-031974","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2023-09-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.399778+00:00","generated_at":"2026-06-10T22:57:58.403987+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"EzFill issues $220K promissory note to related party Next Charging with conversion rights","bullets":["Note principal $220K with 10% OID ($20K); interest 8% for first 9 months then 18% pa.","Maturity Nov 6, 2023, auto-extendable in 2-month increments unless Next gives 10-day notice.","Upon $3M+ capital raise, entire note due; default triggers 150% penalty and conversion into common stock at avg closing price.","Michael Farkas, managing member of Next, owns ~24% of EzFill common stock; pending acquisition of Next not yet closed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-031974","json":"https://secwatch.observer/filing/0001493152-23-031974.json","markdown":"https://secwatch.observer/filing/0001493152-23-031974.md","text":"https://secwatch.observer/filing/0001493152-23-031974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/0001493152-23-031974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:57:58.403987+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":"6dbda574e80ae50a2823141bbf2eb067ffc68ee0","claim":"NEXTNRG, INC. incurred loan of $220,000 with Next Charging, LLC at 8% per annum for the first nine months, afterward, 18% per annum maturing November 6, 2023.","evidence_excerpt":"On September 6, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $220,000 (the “Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/0001493152-23-031974-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$220,000"},{"label":"Counterparty","value":"Next Charging, LLC"},{"label":"Rate","value":"8% per annum for the first nine months, afterward, 18% per annum"},{"label":"Maturity","value":"November 6, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f80897da8ea09e067d4418e6f6d1061ee6773df0","claim":"NEXTNRG, INC. entered into Promissory Note with Next Charging, LLC valued at $220,000 Loan, 8% interest per annum for first nine months, then 18% per annum thereafter, maturity (effective 2023-09-06).","evidence_excerpt":"On September 6, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $220,000 (the “Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/0001493152-23-031974-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Next Charging, LLC"},{"label":"Value","value":"$220,000 Loan, 8% interest per annum for first nine months, then 18% per annum thereafter, maturity"},{"label":"Effective","value":"2023-09-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}