---
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"
generated_at: "2026-05-18T05:59:46.344855+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NextNRG issues 1.08M shares to cancel $2.325M debt; new $2M note at 18% interest

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-020087
- JSON: https://secwatch.observer/filing/0001641172-25-020087.json
- Plain text: https://secwatch.observer/filing/0001641172-25-020087.txt

## Key facts
- Debt Financings
  NEXTNRG, INC. incurred loan of $2,000,000 at 18% per annum maturing March 11, 2026.
  - Instrument: loan
  - Principal: $2,000,000
  - Rate: 18% per annum
  - Maturity: March 11, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1817004/000164117225020087/0001641172-25-020087-index.htm

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