8-K/A
filed January 18, 2024, 6:59 PM ET
ticker NXXT
CIK 0001817004
debt
confidence high
sentiment negative
materiality 0.60
EzFill amends convertible notes with Next and AJB; receives $165K new loan from Next
NEXTNRG, INC.
- Filing corrects prior 8-K: Jan 16 Next note conversion price is $0.70 floor, not $1.23; date typo fixed.
- New $165K promissory note from Next; 8% interest first 9 months then 18%; due March 16, 2024; convertible at greater of VWAP or $0.70.
- Global amendments with Next set $0.70 conversion floor and Nasdaq 19.99% cap on multiple existing notes from 2023 and Jan 2024.
- AJB Capital amendment: conversion price initially at greater of $1.23 or VWAP; after shareholder approval, floor $0.70; two notes' maturity extended to April 19, 2024.
- AJB to receive 180,000 extension shares; subject to 9.99% ownership cap; non-delivery is immediate default.
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. 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
View on SEC.gov
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
View on SEC.gov
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, 2024.
View on SEC.gov
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
- 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”).
View on SEC.gov
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