{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-011745","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.659340+00:00","generated_at":"2026-06-04T06:24:07.415054+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"EzFill borrows $110K from NextNRG (related party) via promissory note with conversion rights","bullets":["Note of $110K with $10K OID; 8% interest for 9 months, then 18%.","Maturity May 26, 2024, automatically extended in 2-month periods unless lender opts out.","On default, principal plus interest multiplied by 150%; conversion at greater of VWAP or $0.70, capped at $1.76.","Company to issue 34,722 commitment fee shares to NextNRG; shares fully earned on issuance.","Michael Farkas, managing member of NextNRG, owns ~20% of EzFill; acquisition of NextNRG still pending."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-011745","json":"https://secwatch.observer/filing/0001493152-24-011745.json","markdown":"https://secwatch.observer/filing/0001493152-24-011745.md","text":"https://secwatch.observer/filing/0001493152-24-011745.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224011745/0001493152-24-011745-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224011745/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:24:07.415054+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":"acb11495e21993dc1aa3d28ec834908233e63d84","claim":"NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $110,000 (effective 2024-03-26).","evidence_excerpt":"On March 26, 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 $110,000 (the “Loan”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224011745/0001493152-24-011745-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"NextNRG Holding Corp. (formerly Next Charging, LLC)"},{"label":"Value","value":"$110,000"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}