---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004498"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:57:51.863262+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# EzFill issues $165K promissory note to Next Charging for working capital; related party transaction

## Summary
- Loan principal $165K with $15K OID (10%); interest 8% first 9 months, then 18%.
- Maturity March 25, 2024, with automatic 2-month extensions unless lender opts out.
- Upon default, lender can convert outstanding into common stock at VWAP or $0.70 floor.
- Lender Michael Farkas (managing member) owns ~20% of EzFill; loan used for working capital.
- Loan accelerates if EzFill raises $3M or more in debt or equity.

## SEC filing metadata
- accession: 0001493152-24-004498
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315224004498/0001493152-24-004498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224004498/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004498
- JSON: https://secwatch.observer/filing/0001493152-24-004498.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004498.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with Next Charging, LLC valued at $165,000 (effective 2024-01-25).
  - Action: entry
  - Counterparty: Next Charging, LLC
  - Value: $165,000
  - Effective: 2024-01-25
  source text: On January 25, 2024, EzFill Holdings, Inc. (the “Company”) and Next Charging, LLC (“Next”) entered into a promissory note (the “Note”) for the sum of $165,000 (the “Loan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224004498/0001493152-24-004498-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.