---
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"
generated_at: "2026-05-19T08:55:40.299253+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextNRG enters $899K equipment lease and $436K promissory note from CEO

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1817004/000164117225015066/0001641172-25-015066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000164117225015066/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-015066
- JSON: https://secwatch.observer/filing/0001641172-25-015066.json
- Plain text: https://secwatch.observer/filing/0001641172-25-015066.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $436,000
  - Counterparty: Michael D. Farkas
  - Rate: 12% per annum
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000164117225015066/0001641172-25-015066-index.htm

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