NEXTNRG, INC. Form 8-K Filing

On April 1, 2026, NextNRG, Inc. entered into a Securities Purchase Agreement with Leviston Resources, LLC for the sale of a senior secured convertible promissory note totaling $1,724,444. The purchase price was $1,552,000, reflecting an original issue discount of $172,444. As additional consideration, NextNRG, Inc. issued 243,300 shares of its common stock to Leviston. The note matures on October 1, 2026, with a 10% interest rate. Leviston has rollover rights, piggyback registration rights, and a right of participation/first refusal in future financing. The note is secured by a first-priority lien on substantially all of NextNRG, Inc.’s assets. Conversion into common stock is permitted upon an Event of Default, with a conversion price set at 80% of the VWAP, subject to a floor price. Equity and hard caps on conversion are in place to comply with Nasdaq rules. The company also entered into a Business Loan and Security Agreement with Cashera Private Credit Inc. for a $750,000 term loan, with net proceeds of $712,500. This loan has a total repayment obligation of $1,050,000, with a maturity date of October 1, 2026, and an approximate APR of 173.06%. It is secured by a first-priority security interest in substantially all of the Company’s assets and is personally guaranteed by the CEO.