NextNRG enters $500K merchant cash advance and $1M promissory note at 15% interest

NEXTNRG, INC.

Sold $699,500 in future receivables to Wynwood Capital Group for $500,000 (less $15,000 origination fee); 9.72% weekly debit.
CEO Michael D. Farkas personally guaranteed the Company's obligations under the Merchant Cash Advance Agreement.
Issued $1,000,000 promissory note to Alcourt LLC at 15% annual interest with $150,000 original issue discount.
Note matures April 30, 2025; if unpaid, extension to May 31 requires an additional $150,000 fee.

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