---
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"
generated_at: "2026-05-22T02:00:35.455868+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextNRG enters into two promissory notes with CEO for $712,000 at 12% interest

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009484
- JSON: https://secwatch.observer/filing/0001641172-25-009484.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009484.txt

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