---
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"
generated_at: "2026-06-10T22:57:58.403987+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill issues $220K promissory note to related party Next Charging with conversion rights

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031974
- JSON: https://secwatch.observer/filing/0001493152-23-031974.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031974.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $220,000
  - Counterparty: Next Charging, LLC
  - Rate: 8% per annum for the first nine months, afterward, 18% per annum
  - Maturity: November 6, 2023
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/0001493152-23-031974-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Next Charging, LLC
  - Value: $220,000 Loan, 8% interest per annum for first nine months, then 18% per annum thereafter, maturity
  - Effective: 2023-09-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223031974/0001493152-23-031974-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.