{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-013970","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.315754+00:00","generated_at":"2026-06-04T01:04:12.739387+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"EzFill enters $165K promissory note with related party NextNRG; 8% interest, convertible at $0.70 floor","bullets":["$165K loan from NextNRG (managed by Michael Farkas, ~20% owner of EzFill) with $15K OID and 8% interest for 9 months, then 18%.","Upon default, outstanding amount multiplied by 150% and lender can convert to common at greater of 10-day VWAP or $0.70/share (cap $2.00).","Commitment fee of 52,000 shares of common stock issued to NextNRG as of April 2, 2024.","Subject to Nasdaq 19.99% cap unless shareholder approval; if unattainable, remaining balance repayable in cash.","Maturity initially June 2, 2024, auto-extends for 2-month periods; full payment due if EzFill raises ≥$3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-013970","json":"https://secwatch.observer/filing/0001493152-24-013970.json","markdown":"https://secwatch.observer/filing/0001493152-24-013970.md","text":"https://secwatch.observer/filing/0001493152-24-013970.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224013970/0001493152-24-013970-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224013970/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:04:12.739387+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":"e9acc030111ce25d81a9157eaa98dbfbf6fb1821","claim":"NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $165,000 (effective 2024-04-02).","evidence_excerpt":"On April 2, 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/1817004/000149315224013970/0001493152-24-013970-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":"2024-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}