---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018991"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:08:57.098028+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill enters $165K promissory note with related-party NextNRG at 8%-18% interest

## Summary
- Note includes $15K original issue discount; principal $165K for working capital.
- Interest 8% first 9 months, then 18% per annum; maturity July 8, 2024 with auto 2-month extensions.
- Upon default, principal/interest multiplied by 150% due; conversion price floor $0.70, cap $3.14.
- 52,000 commitment fee shares issued to NextNRG; share issuance subject to Nasdaq 19.99% cap.
- NextNRG CEO Michael Farkas also beneficially owns ~20% of EzFill common stock.

## SEC filing metadata
- accession: 0001493152-24-018991
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1817004/000149315224018991/0001493152-24-018991-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315224018991/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018991
- JSON: https://secwatch.observer/filing/0001493152-24-018991.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018991.txt

## Key facts
- Material Agreements
  NEXTNRG, INC. entered into Note with NextNRG Holding Corp. (formerly Next Charging, LLC) valued at $165,000 (effective 2024-05-08).
  - Action: entry
  - Counterparty: NextNRG Holding Corp. (formerly Next Charging, LLC)
  - Value: $165,000
  - Effective: 2024-05-08
  source text: On May 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315224018991/0001493152-24-018991-index.htm

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