{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-016490","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.316384+00:00","generated_at":"2026-06-03T06:39:18.403719+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"EzFill enters $165K promissory note with NextNRG for working capital; OID 10%, conversion rights","bullets":["$165K promissory note with NextNRG Holding Corp.; 10% OID ($15K); interest 8% for 9 months then 18%.","Maturity June 22, 2024 with automatic 2-month extensions unless lender opts out; due if EzFill raises ≥$3M.","Default triggers 150% penalty and conversion right at average VWAP or $0.70 floor, cap $2.58; 52,000 commitment shares.","Related party: Michael Farkas, CEO and controlling shareholder of Next, also owns ~20% of EzFill.","Conversion limited by Nasdaq 19.99% cap unless shareholder approval; remaining balance repayable in cash if cap unmet."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-016490","json":"https://secwatch.observer/filing/0001493152-24-016490.json","markdown":"https://secwatch.observer/filing/0001493152-24-016490.md","text":"https://secwatch.observer/filing/0001493152-24-016490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224016490/0001493152-24-016490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224016490/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:39:18.403719+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":"f99b89984224f39ae0e4edf994dfb163423f59c7","claim":"NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) (\"Next\") valued at $165,000 (effective 2024-04-22).","evidence_excerpt":"On April 22, 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_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315224016490/0001493152-24-016490-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"NextNRG Holding Corp. (formerly Next Charging, LLC) (\"Next\")"},{"label":"Value","value":"$165,000"},{"label":"Effective","value":"2024-04-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}