secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001493152-24-007675
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill receives Nasdaq delisting determination; issues $165K promissory note to related party
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- Nasdaq delist letter on Feb 21 due to failure to regain compliance with $2.5M equity rule by Feb 20.
- Company plans to appeal and present a plan at a hearing; no assurance of acceptance.
- New $165K promissory note with Next Charging at 8% interest (18% after 9 months), due Apr 20.
- Note includes conversion floor at $0.70 and cap at $1.54; subject to Nasdaq 19.99% cap.
- Amendments with Next and AJB cap conversion prices at $1.54 per share on existing notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224007675/0001493152-24-007675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224007675/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007675

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