---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037628"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:55:33.318555+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $320K convertible note with AJB Capital; issues 260K commitment shares

## Summary
- Issued $320K promissory note to AJB Capital Investments; net proceeds $272K after $48K OID.
- Note carries 18% default interest, matures Jan 13, 2024; convertible after event of default.
- Issued 260,000 commitment fee shares; reserved 460,000 shares for potential conversion.
- Second amendment to prior $1.5M security agreement to include new obligations.
- Special shareholder meeting within 60 days to seek approval for the transaction.

## SEC filing metadata
- accession: 0001493152-23-037628
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/0001493152-23-037628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037628
- JSON: https://secwatch.observer/filing/0001493152-23-037628.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037628.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into a notes offering with AJB Capital Investments, LLC valued at $320,000 (effective 2023-10-13).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: AJB Capital Investments, LLC
  - Value: $320,000
  - Effective: 2023-10-13
  source text: the Company agreed to issue a promissory note in the principal amount of $320,000 (the “Note”), convertible following an event of default into shares of common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/0001493152-23-037628-index.htm
- Material Agreements
  NEXTNRG, INC. entered into Securities Purchase Agreement with AJB Capital Investments, LLC (effective 2023-10-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: AJB Capital Investments, LLC
  - Effective: 2023-10-13
  source text: On October 13, 2023, EzFill Holdings, Inc. (the “Company”) and AJB Capital Investments, LLC (“AJB” or the “Investor”) entered into a securities purchase agreement (the “Agreement”) wherein the Company agreed to issue a promissory note in the principal amount of $320,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/0001493152-23-037628-index.htm
- Material Agreements
  NEXTNRG, INC. amended Second Amendment to Securities Purchase Agreement with AJB Capital Investments, LLC (effective 2023-10-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: AJB Capital Investments, LLC
  - Effective: 2023-10-13
  source text: the Company and AJB entered into a second amendment to the security agreement (the “Amendment”), which amends the security agreement dated April 19, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/0001493152-23-037628-index.htm

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