secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-06-18T19:50:28+00:00
Accession:  0001493152-26-029301
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNRG issues 260,000 shares to CEO Farkas in exchange for debt forgiveness of $100,360
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- Issued 260,000 shares to CEO Michael D. Farkas at $0.386/share, aggregate $100,360.
- Farkas absolved company of $100,360 in liabilities under a March 2024 promissory note.
- The promissory note is terminated upon issuance of the shares.
- Transaction approved by Board; shares issued as restricted stock under exemption from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226029301/0001493152-26-029301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226029301/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer