{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009484","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2025-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.850787+00:00","generated_at":"2026-05-22T02:00:35.455868+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextNRG enters into two promissory notes with CEO for $712,000 at 12% interest","bullets":["Michael D. Farkas, CEO and majority shareholder, lends $600,000 (May 5 Note) and $112,000 (May 9 Note) for working capital.","Both notes carry 12% fixed interest and mature earlier of one year or cumulative capital raise of $4 million.","Notes issued with original issue discount of $72,000 and $12,000 respectively, reflecting effective higher cost.","The CEO is the lender, making this a related-party transaction; proceeds used for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009484","json":"https://secwatch.observer/filing/0001641172-25-009484.json","markdown":"https://secwatch.observer/filing/0001641172-25-009484.md","text":"https://secwatch.observer/filing/0001641172-25-009484.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225009484/0001641172-25-009484-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225009484/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T02:00:35.455868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}