---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032763"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:33:45.284923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $110K promissory note with Next Charging; 8% interest, 18% after 9 months; maturity Nov 13, 2023

## Summary
- Note principal $110,000 with $10,000 OID; net proceeds $100,000.
- Interest 8% per annum for first 9 months then 18% thereafter; maturity Nov 13, 2023 with auto 2-month extensions.
- Default triggers 150% penalty and conversion right for Next at 10-day average closing price.
- Lender's managing member Michael Farkas holds ~24% of EzFill common; pending acquisition of Next by EzFill.
- Loan immediately due upon company completing a capital raise of at least $3,000,000.

## SEC filing metadata
- accession: 0001493152-23-032763
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315223032763/0001493152-23-032763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223032763/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032763
- JSON: https://secwatch.observer/filing/0001493152-23-032763.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032763.txt

## Key facts
- Debt Financings
  NEXTNRG, INC. incurred loan of $110,000 with Next Charging, LLC at 8% per annum for the first nine months, afterward, the Note will begin to accrue maturing 2023-11-13.
  - Instrument: loan
  - Principal: $110,000
  - Counterparty: Next Charging, LLC
  - Rate: 8% per annum for the first nine months, afterward, the Note will begin to accrue
  - Maturity: 2023-11-13
  - Event: incurrence
  source text: On September 13, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $110,000 (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223032763/0001493152-23-032763-index.htm
- Material Agreements
  NEXTNRG, INC. entered into Note with Next Charging, LLC valued at $110,000 (effective 2023-09-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Next Charging, LLC
  - Value: $110,000
  - Effective: 2023-09-13
  source text: On September 13, 2023, EzFill Holdings, Inc. (the “Company” or “Borrower”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $110,000 (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223032763/0001493152-23-032763-index.htm

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