---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009029"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:51:11.434759+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $165K promissory note with Next Charging; related-party loan with 10% OID, conversion rights

## Summary
- Note for $165,000 with $15,000 OID (10%), 8% interest first 9 months then 18%.
- Maturity April 28, 2024, auto-extends in 2-month periods unless lender objects.
- Upon default, lender can convert outstanding amount at greater of 10-day VWAP or $0.70 floor (cap $2.05).
- Company to issue 52,000 commitment shares to Next; shares deemed fully earned.
- Michael Farkas (20% owner) is managing member of Next; acquisition of Next by EzFill previously disclosed and still pending.

## SEC filing metadata
- accession: 0001493152-24-009029
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315224009029/0001493152-24-009029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224009029/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009029
- JSON: https://secwatch.observer/filing/0001493152-24-009029.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009029.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into the "Note" with Next Charging, LLC valued at $165,000 (effective 2024-02-29).
  - Action: entry
  - Counterparty: Next Charging, LLC
  - Value: $165,000
  - Effective: 2024-02-29
  source text: On February 29, 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”) to be used for the Company’s working capital needs, which Note has an effective date of February 28, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224009029/0001493152-24-009029-index.htm

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