NXXT

#4362
NextNRG, Inc. - Common Stock
0.2 3 USD
-0.04%
Market Price
Sektor: Unbekannt
Basis: USD
Gewinnwährung: USD
Tagesspanne
0.23
0.23
Jahresspanne
0.20
1.09
Tagesänderung
-4.17%
Monatliche Änderung
-17.86%
6 month change
-67.35%
Jahresänderung
-67.61%
Vorheriger Schlusskurs
0.2 4
Open
0.2 3
Tief
0.2 3
Hoch
0.2 3
Volumen
6
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Documents

2026

Current report, 13 Aug 2026
NEXTNRG, INC. current report, 13 August 2026
8-K
Current report, Q3 FY2026
NEXTNRG, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
NEXTNRG, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
NEXTNRG, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
NEXTNRG, INC. current report, Q2 FY2026
8-K

NEXTNRG, INC. current report, Q1 FY2025

Full document

Business Context and Reporting Period

This Form 8-K, dated February 13, 2025, reports material events for NEXTNRG, INC. (formerly EzFill Holdings, Inc.), a Delaware corporation trading on the Nasdaq Capital Market under the symbol NXXT. The filing covers events occurring between February 13, 2025, and February 18, 2025, including the closing of a public offering, the completion of a strategic acquisition, a corporate name change, and significant executive leadership transitions.

Key Financial Metrics and Capital Structure

  • Capital Raise: The Company completed a firm commitment underwritten public offering of 5,000,000 shares of Common Stock at $3.00 per share.
  • Net Proceeds: Approximately $13.3 million in net proceeds were received after deducting underwriting discounts, commissions, and estimated offering expenses.
  • Use of Proceeds: Funds are designated for business expansion, repayment of outstanding indebtedness, and general corporate purposes including working capital.
  • Acquisition Consideration: The Company issued 100,000,000 shares of Common Stock (50,000,000 vested immediately; 50,000,000 subject to vesting/forfeiture) to acquire 100% of NextNRG Holding Corp.
  • Warrants Issued: 250,000 warrants were issued to the underwriters (ThinkEquity LLC) exercisable at $3.75 per share (125% of the offering price) for a 4.5-year period commencing 180 days post-offering.
  • Debt and Liquidity: The filing does not provide specific current debt balances or liquidity ratios, though proceeds are explicitly intended to repay outstanding indebtedness.

Material Changes and Corporate Actions

  • Acquisition Completion: On February 13, 2025, the Company completed the acquisition of NextNRG Holding Corp. (formerly Next Charging LLC), making it a wholly-owned subsidiary. This follows a series of amended exchange agreements dating back to 2023.
  • Corporate Name Change: Effective February 14, 2025, the Company changed its name from EzFill Holdings, Inc. to NextNRG, Inc.
  • Executive Leadership Changes:
    • Michael D. Farkas was appointed Chief Executive Officer and Executive Chairman on February 14, 2025. He is the beneficial owner of approximately 75.2% of the Company's issued and outstanding common stock.
    • Yehuda Levy ceased to serve as Interim Chief Executive Officer.
    • Joel Kleiner was appointed Chief Financial Officer on February 14, 2025.
  • Lock-Up Agreements: Directors and executive officers are subject to a six-month lock-up period; significant shareholders (5%+) are subject to a three-month lock-up period, both commencing February 13, 2025.

Outlook, Risks, and Contingencies

  • Future Financing Restrictions: The Company is restricted from entering into "at-the-market" offerings or other equity/debt transactions for 24 to 36 months without the underwriter's consent. ThinkEquity LLC holds an irrevocable right of first refusal for future equity and debt offerings for 36 months.
  • Over-Allotment Option: The underwriters hold a 45-day option to purchase up to 750,000 additional shares (15% of the offering).
  • Management Commentary: The Company intends to utilize the capital raised to expand its business and reduce debt. The acquisition of NextNRG Holding Corp. is positioned as a strategic move to consolidate operations.
  • Risks: The filing notes that the Underwriting Agreement contains customary representations and indemnification provisions. The significant ownership concentration (75.2% by Mr. Farkas) presents a governance risk regarding control of the Company.

Investor Verification Checklist

  • Verify the exact amount of "outstanding indebtedness" to be repaid with the $13.3 million in proceeds, as specific figures are not disclosed in this filing.
  • Review the vesting conditions for the 50,000,000 restricted shares issued in the acquisition to understand potential future dilution.
  • Examine the Unaudited Pro Forma Condensed Combined Financial Information (Exhibit 99.4) to assess the combined entity's financial health post-acquisition.
  • Confirm the status of the 45-day over-allotment option to determine if the total share count will increase by 750,000 shares.
  • Monitor the 36-month right of first refusal granted to ThinkEquity LLC, which may limit the Company's ability to shop for other underwriters for future capital raises.