secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001493152-24-001707
Event type: debt
Sentiment:  neutral
Materiality: 0.35
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
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- Principal $110K with $10K OID (10%); interest 8% first 9 months, then 18%.
- Maturity March 5, 2024, with automatic 2-month extensions unless lender objects.
- Upon default, unpaid amount multiplied by 150% becomes due; conversion at greater of $1.23 or $0.20 floor.
- Lender is managed by Michael Farkas, beneficial owner of ~20% of EzFill; pending acquisition of Next.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224001707/0001493152-24-001707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224001707/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001707

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