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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C., 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): June 25, 2025
NEXTNRG,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40809 |
|
84-4260623 |
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
67
NW 183rd Street, Miami, Florida 33169
(Address
of principal executive offices, including Zip Code)
(305)
791-1169
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.0001 par value per share |
|
NXXT |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01. Entry into a Material Definitive Agreement.
As
previously disclosed in a Current Report on Form 8-K filed on April 4, 2025 by NextNRG Inc. (the “Company”) with the Securities
and Exchange Commission (the “SEC”), on March 31, 2025, the Company issued a promissory note, in the principal sum of $1,000,000
(the “Alcourt Note”), in favor of Alcourt LLC (“Alcourt”). The Alcourt Note originally matured on April 30, 2025;
provided, however, the Alcourt Note provided that if the Alcourt Note was not paid on April 30, 2025, the Company would pay $150,000
to Alcourt and upon payment, the maturity date of the Alcourt Note would be extended to May 31, 2025. The Alcourt Note was not paid on
April 30, 2025. As previously disclosed in a Current Report on Form 8-K filed on May 23, 2025 by the Company with the SEC, on May 21,
2025, the Company and Alcourt entered into that certain Amendment to Promissory Note (“Alcourt Amendment No. 1”) that extended
the maturity date of the Alcourt Note to May 31, 2025 in exchange for the issuance by the Company of 26,000 shares of its common stock
to Alcourt and the payment by the Company of an extension fee of $150,000.
On
June 25, 2025, the Company and Alcourt entered into an Amendment to Promissory Note (“Alcourt Amendment No. 2” and
together with Alcourt Amendment No. 1, the “Alcourt Note Amendments”), dated as of June 23, 2025, that had the effect
of extending the maturity date of the Alcourt Note, as amended by Alcourt Amendment No. 1, to June 30, 2025 in exchange for the issuance
by the Company of 90,000 shares of its common stock to Alcourt. Pursuant to the terms of Alcourt Amendment No. 2, the Company has the
option to extend the maturity date of the Alcourt Note, as amended by the Alcourt Note Amendments, for additional one-month periods in
exchange for the issuance to Alcourt of 90,000 additional shares of common stock for each extension; provided, however, that the
maturity date of the Alcourt Note, as amended, may not be extended beyond September 30, 2025.
Except
as set forth above, the terms of the Alcourt Note, as amended, remain in full force and effect.
The
foregoing description of Alcourt Amendment No. 2 is subject to and qualified in its entirety by reference to the full text of Alcourt
Amendment No. 2, a copy of which is attached hereto as Exhibit 10.1.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
|
|
Description |
10.1 |
|
Amendment
to Promissory Note, entered into on June 25, 2025 and dated as of June 23, 2025, by and between the registrant and Alcourt
LLC. |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
NextNRG,
Inc. |
|
|
|
Date:
July 1, 2025 |
By: |
/s/
Michael Farkas |
|
Name: |
Michael
Farkas |
|
Title: |
Chief
Executive Officer |