---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-014105"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:31:11.124433+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $165K promissory note with NextNRG; related-party, OID 10%, convertible on default

## Summary
- Borrowed $165K from NextNRG (controlled by CEO Michael Farkas, who owns ~20% of EzFill) for working capital.
- Note has $15K OID (10%), 8% interest first 9 months then 18%; maturity June 8, 2024 with automatic 2-month extensions.
- Upon default, outstanding balance multiplies by 150%; conversion at the greater of 10-day VWAP or $0.70 floor (max $2.80).
- Issues 52,000 commitment fee shares to NextNRG, deemed fully earned as of April 8, 2024.
- Conversion shares capped at Nasdaq 19.99% unless shareholder approved; cash repayment if approval not obtained.

## SEC filing metadata
- accession: 0001493152-24-014105
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2024-04-10T23:59:59+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/1817004/000149315224014105/0001493152-24-014105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224014105/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-014105
- JSON: https://secwatch.observer/filing/0001493152-24-014105.json
- Plain text: https://secwatch.observer/filing/0001493152-24-014105.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) (“Next”) valued at $165,000 (effective 2024-04-08).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC) (“Next”)
  - Value: $165,000
  - Effective: 2024-04-08
  source text: On April 8, 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”) to be used for the Company’s working capital needs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224014105/0001493152-24-014105-index.htm
- Material Agreements
  NEXTNRG, INC. entered into Exchange Agreement with Next (members of Next), CEO Michael Farkas as representative (effective 2023-08-10).
  - Action: entry
  - Counterparty: Next (members of Next), CEO Michael Farkas as representative
  - Effective: 2023-08-10
  source text: On August 10, 2023, and on November 8, 2023, the Company, the members of Next (a limited liability company at the time of such filings) and the CEO (the managing member of Next at the time), as an individual and also as the representative of the members of Next, entered into an Exchange Agreement (the “Exchange Agreement”), pursuant to which the Company agreed to acquire from such members of Next 100% of the membership interests of Next in exchange for the issuance by the Company to the members of Next of shares of common stock, par value $0.0001 per share, of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224014105/0001493152-24-014105-index.htm

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