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 debt of $500,000 with Wynwood Capital Group LLC.
- Principal
- $500,000
- Counterparty
- Wynwood Capital Group LLC
- Event
- incurrence
Exact text from the filing
On March 31, 2025, NextNRG, Inc. (the “Company”) entered into a Standard Merchant Cash Advance Agreement (the “WCG Agreement”) with Wynwood Capital Group LLC (“WCG”). Pursuant to the terms of the WCG Agreement, the Company agreed to (i) sell to WCG all of its future accounts, contract rights, and other obligations arising from or relating to the payment of monies from each of the Company’s customers and/or other third party payors (collectively, the “Receivables”) in the amount of $699,500 (the “Receivables Purchased Amount”); and (ii) deliver 9.72% of the Receivables to WCG in accordance with the terms of the WCG Agreement. As payment for the Receivables Purchased Amount, WCG agreed to pay to the Company $500,000, minus a $15,000 origination fee.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXTNRG, INC. incurred loan of $1,000,000 with Alcourt LLC at 15% per annum maturing April 30, 2025.
- Instrument
- loan
- Principal
- $1,000,000
- Counterparty
- Alcourt LLC
- Rate
- 15% per annum
- Maturity
- April 30, 2025
- Event
- incurrence
Exact text from the filing
On March 31, 2025, the Company issued a promissory note, in the principal sum of 1,000,000 (the “Alcourt Note”), in favor of Alcourt LLC (“Alcourt”). The Alcourt Note bears interest at a rate of 15% per annum and has an original issue discount of $150,000. The Alcourt Note matures on April 30, 2025
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