secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0001493152-23-044861
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill issues $165K promissory note to related party Next Charging with conversion rights
--------------------------------------------------------------------------------

- Principal $165,000 with $15,000 OID (10%); interest 8% first 9 months then 18%.
- Maturity Feb 13, 2024, with automatic 2-month extensions unless Next opts out.
- Upon default, unpaid amount multiplied by 150% due; Next can convert to common at 10-day VWAP.
- Next's managing member Michael Farkas beneficially owns ~20% of EzFill common stock.
- Closing of previously disclosed acquisition of Next by EzFill in exchange for stock has not occurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223044861/0001493152-23-044861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223044861/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044861

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