debt
confidence high
sentiment negative
materiality 0.50
NextNRG extends $1M promissory note to June 30, 2025, issuing 90,000 shares to Alcourt LLC
NEXTNRG, INC.
- Amendment No. 2 extends $1M note maturity from May 31 to June 30, 2025; consideration is 90,000 restricted common shares.
- Company holds option to extend monthly through Sept 30, 2025, each extension requiring 90,000 additional shares.
- Note carries 15% annual interest; prior extension in May cost 26,000 shares plus $150,000 fee.
- Ticker NXXT; note originally issued March 31, 2025 and due April 30, 2025.
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