---
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"
generated_at: "2026-06-04T06:24:07.415054+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# EzFill borrows $110K from NextNRG (related party) via promissory note with conversion rights

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011745
- JSON: https://secwatch.observer/filing/0001493152-24-011745.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011745.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $110,000 (effective 2024-03-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC)
  - Value: $110,000
  - Effective: 2024-03-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224011745/0001493152-24-011745-index.htm

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