{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-000161","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2026-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.284660+00:00","generated_at":"2026-05-16T11:49:27.976612+00:00","sec_items":["2.04"],"event_type":"litigation","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextNRG subsidiary sued by lender for default on $5M promissory note","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-000161","json":"https://secwatch.observer/filing/0001493152-26-000161.json","markdown":"https://secwatch.observer/filing/0001493152-26-000161.md","text":"https://secwatch.observer/filing/0001493152-26-000161.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:49:27.976612+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b24a32ef9bd67bdbe5bbe3373a700e54aea823d0","claim":"NEXTNRG, INC. faced acceleration on loan of $5.0 million with Cohen Global Energy LLC.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001104659-25-118916","ticker":null,"company_name":"CHARLES & COLVARD LTD","filed_at":"2025-12-05T23:59:59+00:00","headline":"Charles & Colvard receives default notice on $2M note; court orders board election certification","event_type":"litigation","sec_items":["2.04","5.01","5.07","5.02"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-118916","json":"https://secwatch.observer/filing/0001104659-25-118916.json","markdown":"https://secwatch.observer/filing/0001104659-25-118916.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/0001104659-25-118916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/tm2532851d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"limited liability company. In connection with the Note Purchase Agreement,\nthe Company issued a convertible secured note to the Holder for an aggregate total purchase price of $2.0 million, dated July 3, 2025\nand due and payable on October 3, 2025. On November 25, 2025, the Company received a notice of default from the Holder asserting that\nan event of default by","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/0001104659-25-118916-index.htm"}},{"accession":"0001213900-26-039579","ticker":"ATLN","company_name":"ATLANTIC INTERNATIONAL CORP.","filed_at":"2026-04-03T23:59:59+00:00","headline":"Atlantic International sues SPP over alleged fabricated default; COO resigns and is terminated for cause","event_type":"litigation","sec_items":["8.01","2.04","5.02"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-039579","json":"https://secwatch.observer/filing/0001213900-26-039579.json","markdown":"https://secwatch.observer/filing/0001213900-26-039579.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/0001213900-26-039579-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/ea0284949-8k_atlantic.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"SPP Lyneer Term Loan Default Notice By letter dated March 30, 2026, SPP Credit Advisors, LLC. (“SPP”) notified Atlantic International Corp. (the “Company”) and the Lyneer Subsidiaries that certain events of default have occurred and are continuing under Amended and Restated Loan Agreement dated as of April 29, 2025 (the \"Financing Agreement\")","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/0001213900-26-039579-index.htm"}},{"accession":"0001213900-25-100408","ticker":"UGRO","company_name":"urban-gro, Inc.","filed_at":"2025-10-20T23:59:59+00:00","headline":"Lender sues urban-gro for breach of contract, fraud; alleges default on $2.1M note","event_type":"litigation","sec_items":["2.04"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-100408","json":"https://secwatch.observer/filing/0001213900-25-100408.json","markdown":"https://secwatch.observer/filing/0001213900-25-100408.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/ea0261809-8k_urbangro.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm"}},{"accession":"0001493152-26-021727","ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Algorhythm Holdings defaults on $1.5M note payment; interest rate rises from 6% to 8%","event_type":"debt","sec_items":["2.04"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021727","json":"https://secwatch.observer/filing/0001493152-26-021727.json","markdown":"https://secwatch.observer/filing/0001493152-26-021727.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/0001493152-26-021727-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/form8-k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"Obligation or an Obligation under an Off-Balance Sheet Arrangement. On\nMay 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the\n“Promissory Note”) to SemiCab Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement\n(the “Equity Purchase Agreement”) among the Company and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/0001493152-26-021727-index.htm"}},{"accession":"0001818502-26-000023","ticker":"OPFI","company_name":"OppFi Inc.","filed_at":"2026-04-16T23:59:59+00:00","headline":"OppFi terminates $75M TRS, borrows $46.5M to purchase receivables, amends credit facility","event_type":"debt","sec_items":["1.01","1.02","2.03","2.04","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001818502-26-000023","json":"https://secwatch.observer/filing/0001818502-26-000023.json","markdown":"https://secwatch.observer/filing/0001818502-26-000023.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818502/000181850226000023/0001818502-26-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818502/000181850226000023/opfi-20260410.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"On the Gray Rock Termination Date (as defined below), the Borrower borrowed approximately $46.5 million under the Amended Credit Agreement and used such borrowing to purchase the Gray Rock Receivables (as defined below) from the Gray Rock Borrower via OppFi-LLC and the Sellers, which Gray Rock Receivables were then pledged as collateral under the Amended Credit Agreement.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1818502/000181850226000023/0001818502-26-000023-index.htm"}},{"accession":"0001437749-26-011930","ticker":"HL","company_name":"HECLA MINING CO/DE/","filed_at":"2026-04-10T23:59:59+00:00","headline":"Hecla completes $263M 7.25% senior note redemption, achieves debt-free balance sheet","event_type":"debt","sec_items":["1.02","2.04","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-011930","json":"https://secwatch.observer/filing/0001437749-26-011930.json","markdown":"https://secwatch.observer/filing/0001437749-26-011930.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/719413/000143774926011930/0001437749-26-011930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719413/000143774926011930/hl20260409_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"IDAHO – April 9, 2026 - Hecla Mining Company (NYSE:HL) (\"Hecla\", or the \"Company\") is pleased to announce today that it has completed the full redemption of its remaining $263 million 7.25% Senior Notes (“Notes”) due 2028, completing a significant milestone in the Company’s balance sheet transformation. Full redemption of senior notes enhances Hecla’s","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/719413/000143774926011930/0001437749-26-011930-index.htm"}},{"accession":"0001193125-26-120582","ticker":"FTCI","company_name":"FTC Solar, Inc.","filed_at":"2026-03-24T23:59:59+00:00","headline":"FTC Solar obtains covenant waiver, amends credit agreement with $10M repayments and tighter covenants","event_type":"debt","sec_items":["1.01","2.04","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-120582","json":"https://secwatch.observer/filing/0001193125-26-120582.json","markdown":"https://secwatch.observer/filing/0001193125-26-120582.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000119312526120582/0001193125-26-120582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000119312526120582/d50621d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"Agreement ”). As a result of such covenant default, the Company publicly disclosed in its earnings press release published on March 5, 2026 that the Company had reclassified the $19.9 million term loan balance under the Existing Credit Agreement from long-term debt to current for the period ended December 31, 2025. On March 23, 2026, the Company and the Agent on","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1828161/000119312526120582/0001193125-26-120582-index.htm"}},{"accession":"0001628280-26-020809","ticker":"MOG-A","company_name":"MOOG INC.","filed_at":"2026-03-24T23:59:59+00:00","headline":"Moog issues $500M 5.500% notes due 2034, redeems $500M 4.250% notes due 2027","event_type":"debt","sec_items":["1.01","2.03","2.04","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-020809","json":"https://secwatch.observer/filing/0001628280-26-020809.json","markdown":"https://secwatch.observer/filing/0001628280-26-020809.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/67887/000162828026020809/0001628280-26-020809-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/67887/000162828026020809/mog-20260324.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","comparable_excerpt":"issued a conditional notice of redemption to redeem in full (the \"Redemption\") all $500 million aggregate principal amount of its outstanding 4.250% Senior Notes due 2027","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/67887/000162828026020809/0001628280-26-020809-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}