secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001641172-25-017399
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextNRG extends $1M promissory note to June 30, 2025, issuing 90,000 shares to Alcourt LLC
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000164117225017399/0001641172-25-017399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000164117225017399/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017399

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