{"filing":{"accession_number":"0001493152-26-032350","cik":"0001817004","ticker":"NXXT","company_name":"NEXTNRG, INC.","form":"8-K","filing_date":"2026-07-07","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226032350/form8-k.htm"},"events":[{"id":16484,"run_id":14731,"accession_number":"0001493152-26-032350","anchor_item_number":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"NextNRG entered into a Merchant Cash Advance (MCA) agreement with Avanza Capital on June 30, 2026, creating a direct financial obligation. The Company received $940,000 in net proceeds in exchange for selling $1,499,900 of future receivables and committing to remit 25% of daily settlements until the purchased amount is delivered. While structured as a receivables purchase rather than traditional debt, the MCA functions as a secured financing obligation with fixed periodic payments ($62,496 estimated), security interests in substantially all assets, and default provisions—characteristics of debt issuance. The CEO personally guaranteed performance, underscoring materiality to investors assessing the Company's capital structure and financial obligations.","company_name":"NEXTNRG, INC.","ticker":"NXXT","filing_date":"2026-07-07","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":14595,"accession_number":"0001493152-26-032350","item_number":null,"item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"NextNRG entered into a Merchant Cash Advance (MCA) agreement with Avanza Capital on June 30, 2026, creating a direct financial obligation. The Company received $940,000 in net proceeds in exchange for selling $1,499,900 of future receivables and committing to remit 25% of daily settlements until the purchased amount is delivered. While structured as a receivables purchase rather than traditional debt, the MCA functions as a secured financing obligation with fixed periodic payments ($62,496 estimated), security interests in substantially all assets, and default provisions—characteristics of debt issuance. The CEO personally guaranteed performance, underscoring materiality to investors assessing the Company's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-07T20:46:42.825970+00:00","company_name":"NEXTNRG, INC.","ticker":"NXXT","filing_date":"2026-07-07"}]}