{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020087","form_type":"8-K","ticker":"NXXT","cik":"0001817004","company_name":"NEXTNRG, INC.","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.098791+00:00","generated_at":"2026-05-18T05:59:46.344855+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NextNRG issues 1.08M shares to cancel $2.325M debt; new $2M note at 18% interest","bullets":["Issued 1,081,395 restricted shares at $2.15/share to settle $2,325,000 debt owed under a March 2025 agreement.","Executed $2,000,000 promissory note on July 15, 2025; 18% fixed interest, 5% OID, matures March 11, 2026.","Note requires $125,000 monthly payments starting Aug 15, 2025; Company elected to pay $360,000 interest in 197,802 restricted shares at ~$1.82/share.","Both share issuances were private placements exempt from registration under Section 4(a)(2) of the Securities Act.","Proceeds from note used for working capital; debt extinguishment reduces liabilities by $2.325M."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020087","json":"https://secwatch.observer/filing/0001641172-25-020087.json","markdown":"https://secwatch.observer/filing/0001641172-25-020087.md","text":"https://secwatch.observer/filing/0001641172-25-020087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225020087/0001641172-25-020087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225020087/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:59:46.344855+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":"0647c3c77e7c97e6a3765bdb34ede7a0493b0c89","claim":"NEXTNRG, INC. incurred loan of $2,000,000 at 18% per annum maturing March 11, 2026.","evidence_excerpt":"On July 15, 2025, the Company and a lender entered into a promissory note (the “Note”) for the principal sum of $2,000,000 to be used for the Company’s working capital needs. The principal balance of the Note has a fixed interest rate of 18% per annum, an original issue discount of five percent (5%) and matures on March 11, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000164117225020087/0001641172-25-020087-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2,000,000"},{"label":"Rate","value":"18% per annum"},{"label":"Maturity","value":"March 11, 2026"},{"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"}