NEXTNRG, INC. (NXXT): M&A transaction — EzFill completes purchase of 73 trucks and 6 tanks from Shell for ~$4.9M

NEXTNRG, INC.

Purchased 73 trucks ($4,840,121.61) and 6 storage tanks ($80,000) from Shell TapUp/Instafuel.
Previously paid 7% non-refundable downpayment of $379,755.39 on Dec 16, 2024 under a Letter of Understanding.
Agreement executed Dec 27, 2024; EzFill must remove property from five U.S. locations by Jan 31, 2025.
Total consideration $4,920,121.61; customary representations, covenants, and indemnities included.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEXTNRG, INC. completed an acquisition involving Shell Retail and Convenience Operations LLC d/b/a Shell TapUp and d/b/a Instafuel for $4,840,121.61 and six (6) atmospheric storage tanks for $80,000 (closed 2024-12-27).

Action: acquisition
Counterparty: Shell Retail and Convenience Operations LLC d/b/a Shell TapUp and d/b/a Instafuel
Consideration: $4,840,121.61 and six (6) atmospheric storage tanks for $80,000
Closing: 2024-12-27

Exact text from the filing

Bill of Sale (the “Agreement”) in closing the matters previously set forth in the LOU. Pursuant to the Agreement, the Company purchased from Shell seventy-three (73) trucks for $4,840,121.61 and six (6) atmospheric storage tanks for $80,000. In connection with the signing of the LOU, the Company previously paid the aforementioned seven percent (7%) non-refundable

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NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-000169

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