8-K
filed February 18, 2025, 6:59 PM ET
ticker NXXT
CIK 0001817004
M&A
confidence high
sentiment positive
materiality 0.85
NEXTNRG, INC. (NXXT): M&A transaction — NextNRG completes share exchange with EzFill, raises $15M, appoints new CEO and CFO
NEXTNRG, INC.
- Completed acquisition of NextNRG Holding Corp., issuing 100M shares (50M vested, 50M restricted) to shareholders.
- Priced and closed $15M public offering of 5M shares at $3.00; net proceeds ~$13.3M to expand business, repay debt.
- Michael Farkas appointed CEO and Executive Chairman; owns ~75.2% of outstanding common stock.
- Company name changed from EzFill Holdings to NextNRG, Inc.; new Nasdaq ticker NXXT.
- Joel Kleiner appointed CFO; previously served as NextNRG's CFO since August 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael D. Farkas was appointed as Chief Executive Officer and Executive Chairman at NEXTNRG, INC..
- Action
- appointed
- Role
- Chief Executive Officer and Executive Chairman
Exact text from the filing
Michael D. Farkas (aged 52) was appointed Chief Executive Officer and Executive Chairman of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joel Kleiner was appointed as Chief Financial Officer at NEXTNRG, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Joel Kleiner (aged 36) was appointed Chief Financial Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Yehuda Levy departed as Interim Chief Executive Officer at NEXTNRG, INC..
- Action
- ceased to be
- Role
- Interim Chief Executive Officer
Exact text from the filing
Yehuda Levy ceased to be the Company’s Interim Chief Executive Officer.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NEXTNRG, INC.: Company changed its name from EzFill Holdings, Inc. to NextNRG, Inc. via Certificate of Amendment to the Certificate of Incorporation (effective 2025-02-14).
- Change
- charter amendment
- Effective
- 2025-02-14
Exact text from the filing
the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Certificate of Incorporation of the Company (the “Certificate of Amendment”) to change the name of the Company from EzFill Holdings, Inc. to NextNRG, Inc. The Certificate of Amendment took effect as of 9:00AM Eastern Standard Time on February 14, 2025.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
NEXTNRG, INC. completed an acquisition involving the Shareholders of NextNRG Holding Corp. for 100,000,000 shares of Common Stock (closed 2025-02-13).
- Action
- acquisition
- Counterparty
- the Shareholders of NextNRG Holding Corp.
- Consideration
- 100,000,000 shares of Common Stock
- Closing
- 2025-02-13
Exact text from the filing
Exchange Agreement (“Second Amendment”). Under the Second Amendment, the consideration to be paid to the Shareholders was revised from 40,000,000 shares of Common Stock to 100,000,000 shares of Common Stock (“Exchange Shares”) of which, 25,000,000 or 50,000,000 shares of the Exchange Shares would be vested on the closing date, and the remaining 75,000,000 or
View on SEC.gov
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