secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001493152-23-037628
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/0001493152-23-037628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223037628/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037628

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer