# NEXTNRG, INC. (NXXT) — bankruptcy [announced]
Source: SEC API (secapi.ai) · situation sit_0299ba63a0c8b4730037 · retrieved 2026-08-11T16:11:05.002Z

## Overview
NextNRG Inc. (formerly EzFill Holdings Inc.) is a retail auto dealer and gasoline station operator classified under SIC 5500.

On June 30, 2026, NextNRG Inc. entered into a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC. The company sold $1,499,900 of future receivables from customer payments for a purchase price of $1,000,000, receiving net funds of $940,000 after deduction of a $60,000 underwriting and program fee. The company must remit 25% of daily settlements and receivables to Avanza until the full $1,499,900 is delivered, with an initial estimated periodic payment of $62,496 collected via ACH debit every Tuesday, subject to a monthly cap of $268,732. Michael D. Farkas, the company's CEO and significant stockholder, personally guaranteed full performance of the company's obligations under the agreement.

## Terms
- Counterparty: Avanza Capital Holdings, LLC · Deal value: $1.0M · Consideration: cash

## Key dates
- Announced 2026-07-07 · Expected close 2026-06-30

## Timeline
- 2026-07-07 · 8-K (0001493152-26-032350): NextNRG enters $1M merchant cash advance with Avanza; sells $1.5M receivables — *NextNRG Inc. (formerly EzFill Holdings Inc.) is a retail auto dealer and gasoline station operator classified under SIC 5500.* On June 30, 2026, NextNRG Inc. entered into a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC. The company sold $1,499,900 of future receivables from customer payments for a purchase price of $1,000,000, receiving net funds of $940,000 after deduction of a $60,000 underwriting and program fee. The company must remit 25% of daily settlements and receivables to Avanza until the full $1,499,900 is delivered, with an initial estimated periodic payment of $62,496 collected via ACH debit every Tuesday, subject to a monthly cap of $268,732. Michael D. Farkas, the company's CEO and significant stockholder, personally guaranteed full performance of the company's obligations under the agreement.
  https://www.sec.gov/Archives/edgar/data/1817004/0001493152-26-032350.txt

## Citations
- 0001493152-26-032350 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226032350