---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046254"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T07:00:44.455730+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill borrows $165K from related party Next Charging via promissory note with conversion rights

## Summary
- Note for $165K with $10K OID; interest 8% for first 9 months then 18% per annum; matures Dec 27, 2024.
- Upon completing a capital raise of at least $3M, entire principal and interest become immediately due.
- Default triggers 150% penalty and conversion into common stock at greater of $1.23 or $0.20 per share (10-day avg).
- Lender's managing member Michael Farkas beneficially owns ~20% of EzFill common stock; related-party transaction.

## SEC filing metadata
- accession: 0001493152-23-046254
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1817004/000149315223046254/0001493152-23-046254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223046254/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046254
- JSON: https://secwatch.observer/filing/0001493152-23-046254.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046254.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into "Note" with Next Charging, LLC valued at $165,000 (effective 2023-12-27).
  - Action: entry
  - Counterparty: Next Charging, LLC
  - Value: $165,000
  - Effective: 2023-12-27
  source text: On December 27, 2023, the Company and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $165,000 (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223046254/0001493152-23-046254-index.htm

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