---
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"
generated_at: "2026-06-04T01:04:12.739387+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $165K promissory note with related party NextNRG; 8% interest, convertible at $0.70 floor

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-013970
- JSON: https://secwatch.observer/filing/0001493152-24-013970.json
- Plain text: https://secwatch.observer/filing/0001493152-24-013970.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $165,000 (effective 2024-04-02).
  - Action: entry
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC)
  - Value: $165,000
  - Effective: 2024-04-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224013970/0001493152-24-013970-index.htm

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