secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039322
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill extends shareholder approval for AJB deal to Nov 30; issues $165K note to Next Charging
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- November amendment with AJB extends deadline for shareholder approval to November 30, 2023, effective retroactively October 25, 2023.
- Company issued $165,000 promissory note to Next Charging with $10,000 OID (10%) and 8% interest, rising to 18% after nine months.
- Note matures January 3, 2024, with automatic 2-month extensions; default triggers 150% acceleration and conversion at average closing price.
- Next Charging's managing member Michael Farkas beneficially owns ~20% of EzFill common stock, making the note a related-party transaction.
- Company previously disclosed plans to acquire Next Charging via exchange agreement; closing has not yet occurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223039322/0001493152-23-039322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223039322/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039322

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