NEXTNRG, INC. (NXXT): debt financing — NextNRG raises $500K via two secured convertible notes with variable pricing and onerous terms

NEXTNRG, INC.

Issued $275K note to Agile Hudson Partners for $250K net; 10% OID plus 50,000 commitment shares.
Issued $275K note to FirstFire Global Opportunities for $250K net; same OID, commitment shares, and variable conversion at 80% of lowest VWAP (floor $0.10).
Notes mature April 2027, prepayable at 100-110% of principal+interest; default triggers 150% penalty and $5K monthly increase.
Negative covenant bans variable-rate transactions until notes extinguished; both notes rank pari passu with existing Leviston and FirstFire secured debt.

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. incurred loan of $275,000 with Agile Hudson Partners LLC at one-time guaranteed interest charge of 10% maturing April 15, 2027.

Instrument: loan
Principal: $275,000
Counterparty: Agile Hudson Partners LLC
Rate: one-time guaranteed interest charge of 10%
Maturity: April 15, 2027
Event: incurrence

Exact text from the filing

On April 17, 2026, NextNRG, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agile Hudson SPA”), dated as of April 15, 2026, with Agile Hudson Partners LLC (“Agile Hudson”), pursuant to which the Company issued a secured promissory note in the aggregate principal amount of $275,000 (the “Agile Hudson Note”) to Agile Hudson.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEXTNRG, INC. entered into Agile Hudson SPA with Agile Hudson Partners LLC valued at $275,000 (effective 2026-04-15).

Action: entry
Agreement: equity purchase
Counterparty: Agile Hudson Partners LLC
Value: $275,000
Effective: 2026-04-15

Exact text from the filing

On April 17, 2026, NextNRG, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agile Hudson SPA”), dated as of April 15, 2026, with Agile Hudson Partners LLC (“Agile Hudson”), pursuant to which the Company issued a secured promissory note in the aggregate principal amount of $275,000 (the “Agile Hudson Note”) to Agile Hudson.

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-018757

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