---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-045913"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:11:10.837090+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill Holdings enters into $55,000 promissory note with Next Charging, related party

## Summary
- On Dec 20, 2023, EzFill (EZFL) issued a $55,000 promissory note to Next Charging LLC with a $10,000 OID, bearing 8% interest for nine months then 18%.
- The note matures Feb 20, 2024, with automatic 2-month extensions unless Next gives 10 days' notice; full balance due if EzFill raises at least $3 million.
- Upon default, unpaid principal and interest are multiplied by 150%, and Next can convert outstanding amounts into EZFL common stock at the average closing price over 10 trading days.
- Michael Farkas, managing member of Next, beneficially owns ~20% of EzFill's common stock; the parties have an unclosed exchange agreement for Next to become a wholly-owned subsidiary.
- The note and related conversion rights may cause dilution for existing shareholders if triggered.

## SEC filing metadata
- accession: 0001493152-23-045913
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315223045913/0001493152-23-045913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223045913/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045913
- JSON: https://secwatch.observer/filing/0001493152-23-045913.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045913.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with Next Charging, LLC valued at $55,000 (effective 2023-12-20).
  - Action: entry
  - Counterparty: Next Charging, LLC
  - Value: $55,000
  - Effective: 2023-12-20
  source text: On December 20, 2023, the Company and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $55,000 (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223045913/0001493152-23-045913-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.