NEXTNRG, INC. (NXXT): debt financing — NextNRG subsidiary sued by lender for default on $5M promissory note

NEXTNRG, INC.

Original $5M promissory note dated Dec 16, 2024, matured March 31, 2025, extended to Nov 1, 2025.
Lender Cohen Global Energy LLC filed complaint Dec 24, 2025 alleging default for failure to repay by maturity.
Lender seeks immediate repayment of outstanding balance plus default charges under the note.
Company retained counsel to defend; outcome of litigation cannot be predicted.

item 2.04

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEXTNRG, INC. faced acceleration on loan of $5.0 million with Cohen Global Energy LLC.

Instrument: loan
Principal: $5.0 million
Counterparty: Cohen Global Energy LLC
Event: acceleration

Exact text from the filing

As previously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16, 2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025. The Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for

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NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-000161

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