---
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"
generated_at: "2026-07-07T20:46:12.932733+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextNRG enters $1M merchant cash advance; CEO personally guarantees

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-032350
- JSON: https://secwatch.observer/filing/0001493152-26-032350.json
- Plain text: https://secwatch.observer/filing/0001493152-26-032350.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.