EzFill amends convertible notes with Next and AJB; issues new $165K note to Next Charging

NEXTNRG, INC.

New $165K promissory note from Next Charging, 8% interest (18% after 9 mos), due March 16, 2024; conversion floor of $0.70.
Global amendments set conversion price floor of $0.70 on $3.6M+ of existing Next notes, plus Nasdaq 19.99% share cap.
AJB amendment extends two notes to April 19, 2024; issues 180,000 shares as extension fee; conversion floor of $0.70.
Michael Farkas, Next's managing member, owns ~20% of EzFill; pending acquisition of Next (not yet closed).

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 January Next Note with Next Charging, LLC valued at $165,000 (effective 2024-01-16).

Action: entry
Agreement: notes offering
Counterparty: Next Charging, LLC
Value: $165,000
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, the Company and Next entered into a promissory note (the “January Next Note”) for the sum of $165,000 (the “January Next Loan”).

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

NEXTNRG, INC. amended AJB Global Amendment with AJB Capital Investments, LLC (effective 2024-01-17).

Action: amendment
Counterparty: AJB Capital Investments, LLC
Effective: 2024-01-17

Exact text from the filing

On January 17, 2024, the Company and AJB Capital Investments, LLC, (“AJB”) entered into a global amendment (the “AJB Global Amendment”) to the promissory notes dated as of April 19, 2023, as amended by the amended and restated promissory note dated May 17, 2023, September 22, 2023 and October 13, 2023

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

NEXTNRG, INC. amended Global Amendment 2 with Next Charging, LLC (effective 2024-01-11).

Action: amendment
Counterparty: Next Charging, LLC
Effective: 2024-01-11

Exact text from the filing

Also on January 11, 2024, the Company and Next entered into a global amendment (“Global Amendment 2”) to the promissory notes dated as of December 27, 2023 and January 8, 2023.

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

NEXTNRG, INC. amended Global Amendment 1 with Next Charging, LLC (effective 2024-01-11).

Action: amendment
Counterparty: Next Charging, LLC
Effective: 2024-01-11

Exact text from the filing

On January 11, 2024, EzFill Holdings, Inc. (the “Company”) and Next Charging, LLC (“Next”) entered into a global amendment (“Global Amendment 1”) to the promissory notes dated as of July 5, 2023; August 2, 2023; August 30, 2023; September 6, 2023; September 13, 2023; November 3, 2023; November 21, 2023; December 4, 2023; December 13, 2023; December 18, 2023; and December 20, 2023

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

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-002700

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