secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001493152-23-034430
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill issues $600K convertible note to AJB Capital; includes 150K commitment shares
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- $600K promissory note at 10% interest; purchase price $540K after $60K OID.
- Issued 150,000 commitment shares; 637,500 shares reserved for conversion.
- Maturity March 22, 2024; conversion price initially $1.23 or 10-day VWAP, floor $0.20.
- AJB Capital (7% holder) also amended prior $1.5M note agreement.
- Company to hold shareholder meeting within 60 days for approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223034430/0001493152-23-034430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223034430/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-034430

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