{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-032350","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2026-07-07T20:45:16+00:00","discovered_at":"2026-07-07T20:46:00.327638+00:00","generated_at":"2026-07-07T20:46:12.932733+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextNRG enters $1M merchant cash advance; CEO personally guarantees","bullets":["Sold $1,499,900 of future receivables for $1,000,000 purchase price; net proceeds $940,000 after $60,000 fee.","Remittance of 25% of daily settlements until full amount collected; initial weekly payment $62,495.85.","Monthly collection capped at $268,732.16; prepayment allowed without penalty.","CEO Michael D. Farkas personally guaranteed full performance of the agreement.","Obligations secured by first-priority security interest in all company assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-032350","json":"https://secwatch.observer/filing/0001493152-26-032350.json","markdown":"https://secwatch.observer/filing/0001493152-26-032350.md","text":"https://secwatch.observer/filing/0001493152-26-032350.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226032350/0001493152-26-032350-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226032350/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T20:46:12.932733+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}