---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-002797"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:19:51.487488+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-002797
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000164117225002797/0001641172-25-002797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000164117225002797/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002797
- JSON: https://secwatch.observer/filing/0001641172-25-002797.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002797.txt

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