---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-014161"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:08:01.728125+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextNRG issues 1M shares to CEO Farkas at $1.67, cancels $1.67M debt

## Summary
- Issued 1,000,000 restricted shares to CEO and Executive Chairman Michael D. Farkas at $1.67 per share.
- Purchase price paid by canceling $1,670,000 of outstanding debt owed by company to Farkas under five promissory notes from May-June 2025.
- Shares issued in private placement exempt from registration under Section 4(a)(2); no shareholder approval required.
- CEO Farkas continues in his roles as CEO and Executive Chairman of NextNRG.
- Company reduces debt while increasing insider ownership; stock closed at $1.67 on issuance date.

## SEC filing metadata
- accession: 0001493152-25-014161
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2025-09-19T23:59:59+00:00
- event_type: other_material
- 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/1817004/000149315225014161/0001493152-25-014161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315225014161/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014161
- JSON: https://secwatch.observer/filing/0001493152-25-014161.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014161.txt

## Key facts
- Equity Issuances
  NEXTNRG, INC. issued 1,000,000 restricted shares of its common stock of common stock to Michael D. Farkas for cancellation and discharge of $1,670,000 of outstanding indebtedness.
  - Security: common stock
  - Shares: 1,000,000 restricted shares of its common stock
  - Purchaser: Michael D. Farkas
  - Consideration: cancellation and discharge of $1,670,000 of outstanding indebtedness
  source text: Pursuant to the SPA, the Company issued 1,000,000 restricted shares if its common stock to the Lender at a price of $1.67 per share. The purchase price was paid by the Lender through the cancellation and discharge of $1,670,000 of outstanding indebtedness owed by the Company to the Lender under promissory notes dated May 5, 2025, May 9, 2025, May 19, 2025, May 20, 2025, and June 10, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315225014161/0001493152-25-014161-index.htm

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