secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001493152-24-002700
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224002700/0001493152-24-002700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224002700/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002700

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