{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-015066","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2025-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.851866+00:00","generated_at":"2026-05-19T08:55:40.299253+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NextNRG enters $899K equipment lease and $436K promissory note from CEO","bullets":["Entered equipment lease with Equify Financial for $899,640 total cost; 36-month term with monthly payments of $27,886 initially, then $27,790.","CEO Michael D. Farkas provided $436K promissory note at 12% interest, with $46K original issue discount, for working capital.","Note matures earlier of June 9, 2026 or cumulative capital raise of at least $4M.","Lease No. 001 includes purchase option at end of term for $179,928 (estimated fair market value)."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-015066","json":"https://secwatch.observer/filing/0001641172-25-015066.json","markdown":"https://secwatch.observer/filing/0001641172-25-015066.md","text":"https://secwatch.observer/filing/0001641172-25-015066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225015066/0001641172-25-015066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225015066/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T08:55:40.299253+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":[{"claim_id":"9c84fcc3271bb201be7405c71171decc3291d8bb","claim":"NEXTNRG, INC. incurred loan of $436,000 with Michael D. Farkas at 12% per annum maturing the earlier of (i) June 9, 2026 or (ii) the date the Company completes a cumulative capital raise of at least $4 million following June 10, 2025.","evidence_excerpt":"On June 10, 2025, the Company and Michael D. Farkas entered into a promissory note (the “June 10 Note”) for the principal sum of $436,000 to be used for the Company’s working capital needs. The unpaid principal balance of the June 10 Note has a fixed interest rate of 12% per annum and matures on the earlier of (i) June 9, 2026 or (ii) the date the Company completes a cumulative capital raise of at least $4 million following June 10, 2025.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225015066/0001641172-25-015066-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$436,000"},{"label":"Counterparty","value":"Michael D. Farkas"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"the earlier of (i) June 9, 2026 or (ii) the date the Company completes a cumulative capital raise of at least $4 million following June 10, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}