{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010359","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.659122+00:00","generated_at":"2026-06-04T15:36:13.471414+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"EzFill borrows $165K from related party NextNRG; issues 52K commitment shares","bullets":["Loan of $165,000 from NextNRG with $15,000 original issue discount (10%); used for working capital.","Interest 8% for first 9 months, then 18%; maturity May 15, 2024 with automatic 2-month extensions.","On default, unpaid balance multiplies by 150%; lender can convert at 10-day VWAP or $0.70 floor (cap $2.05).","Company issues 52,000 commitment fee shares to NextNRG; issuance capped at Nasdaq 19.99% without shareholder approval.","Michael Farkas, NextNRG managing member, beneficially owns ~20% of EzFill; exchange agreement to acquire NextNRG pending."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010359","json":"https://secwatch.observer/filing/0001493152-24-010359.json","markdown":"https://secwatch.observer/filing/0001493152-24-010359.md","text":"https://secwatch.observer/filing/0001493152-24-010359.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224010359/0001493152-24-010359-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224010359/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T15:36:13.471414+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2e630661f760f3e8dfe81f26d3804ccfedb79050","claim":"NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $165,000 (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, EzFill Holdings, Inc. (the “Company”) and NextNRG Holding Corp. (formerly Next Charging, LLC) (“Next”) entered into a promissory note (the “Note”) for the sum of $165,000 (the “Loan”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224010359/0001493152-24-010359-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"NextNRG Holding Corp. (formerly Next Charging, LLC)"},{"label":"Value","value":"$165,000"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}