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

Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001493152-23-045268
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223045268/0001493152-23-045268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315223045268/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045268

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