---
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"
generated_at: "2026-06-04T15:36:13.471414+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill borrows $165K from related party NextNRG; issues 52K commitment shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- 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/1817004/000149315224010359/0001493152-24-010359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224010359/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010359
- JSON: https://secwatch.observer/filing/0001493152-24-010359.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010359.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $165,000 (effective 2024-03-15).
  - Action: entry
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC)
  - Value: $165,000
  - Effective: 2024-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224010359/0001493152-24-010359-index.htm

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