---
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"
generated_at: "2026-06-03T06:39:18.403719+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $165K promissory note with NextNRG for working capital; OID 10%, conversion rights

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-016490
- JSON: https://secwatch.observer/filing/0001493152-24-016490.json
- Plain text: https://secwatch.observer/filing/0001493152-24-016490.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) ("Next") valued at $165,000 (effective 2024-04-22).
  - Action: entry
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC) ("Next")
  - Value: $165,000
  - Effective: 2024-04-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224016490/0001493152-24-016490-index.htm

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