EzFill enters $110K promissory note with Next Charging, related-party transaction

NEXTNRG, INC.

Promissory note of $110,000 with $10,000 OID (10% of principal).
Interest: 8% for first 9 months, then 18% until maturity on Feb 18, 2024.
Maturity auto-extends in 2-month periods unless Next gives 10-day notice.
On default, unpaid principal + interest × 150% becomes due; Next can convert to common stock at 10-day VWAP.
Michael Farkas, managing member of Next, beneficially owns ~20% of EzFill common stock.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEXTNRG, INC. entered into Note with Next Charging, LLC valued at $110,000 (effective 2023-12-18).

Action: entry
Counterparty: Next Charging, LLC
Value: $110,000
Effective: 2023-12-18

Exact text from the filing

On December 18, 2023, the Company and Next Charging, LLC ("Next") entered into a promissory note (the "Note") for the sum of $110,000 (the "Loan").

View on SEC.gov

33 material agreements filed in the last 30 days. Browse all material agreements →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-045268

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.