secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K/A
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001493152-24-002924
Event type: debt
Sentiment:  negative
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; receives $165K new loan from Next
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224002924/0001493152-24-002924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224002924/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002924

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