secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2026-07-29T21:00:17+00:00
Accession:  0001493152-26-035221
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNRG issues $2M senior secured convertible note at 12% interest, convertible at $0.75/share
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- Issued $2,000,000 senior secured convertible note to institutional investor; gross proceeds ~$1.8M.
- Note bears 12% annual interest, matures October 24, 2026, with possible 3-month extension.
- Conversion price fixed at $0.75 per share; note secured by substantially all company assets.
- Proceeds to be used for general corporate purposes and working capital.
- Investor granted right of participation in 100% of any subsequent placements while note outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226035221/0001493152-26-035221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315226035221/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-035221

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