---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-025382"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:13:42.023961+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextNRG issues 1M restricted shares to CEO at $1.04 to settle $1.04M interest debt

## Summary
- 1,000,000 restricted shares issued to CEO Michael D. Farkas at $1.04 per share.
- Shares settle $1,040,000 of accrued interest on promissory notes from June 2023 to Feb 2025.
- Principal of the promissory notes remains outstanding.
- Transaction is a related-party debt-for-equity swap; no cash proceeds to the company.

## SEC filing metadata
- accession: 0001493152-25-025382
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315225025382/0001493152-25-025382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315225025382/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-025382
- JSON: https://secwatch.observer/filing/0001493152-25-025382.json
- Plain text: https://secwatch.observer/filing/0001493152-25-025382.txt

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