---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009960"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:29:25.180035+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill issues $165K promissory note to affiliate Next Charging with conversion rights

## Summary
- $165,000 promissory note to Next Charging, LLC for working capital; managing member owns ~20% of EzFill.
- Note carries 10% OID ($15,000), 8% interest for first 9 months then 18%; matures May 8, 2024 with auto 2-month extensions.
- Upon default, conversion price is greater of 10-day VWAP or $0.70 floor, capped at $2.05; subject to Nasdaq 19.99% cap.
- EzFill issues 52,000 commitment fee shares to Next; note also accelerates if EzFill raises at least $3M.
- Transaction reflects related-party nature as Next is to be acquired by EzFill under prior Exchange Agreement.

## SEC filing metadata
- accession: 0001493152-24-009960
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2024-03-14T23:59:59+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/1817004/000149315224009960/0001493152-24-009960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224009960/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009960
- JSON: https://secwatch.observer/filing/0001493152-24-009960.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009960.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with Next Charging, LLC ("Next") valued at $165,000 (effective 2024-03-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Next Charging, LLC ("Next")
  - Value: $165,000
  - Effective: 2024-03-08
  source text: On March 8, 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/1817004/000149315224009960/0001493152-24-009960-index.htm

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