secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001493152-23-039904
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill to issue 100M shares for Next Charging; vesting tied to target acquisition and EV charging deployment
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- Issues 100M common shares to acquire 100% of Next Charging in amended exchange agreement.
- 70M shares vest at close if Next Charging completes specified target acquisition; otherwise 35M vest.
- 30M restricted shares vest upon commercial deployment of third solar/wireless EV charging system.
- Michael Farkas, ~20% beneficial owner of EzFill and $2.925M lender to Next Charging, represents members.
- Termination date for closing is December 30, 2023; conditions include patent assignment to Next Charging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223039904/0001493152-23-039904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223039904/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039904

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