NXXT 8-K
Nextnrg, Inc. (NXXT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM
CURRENT REPORT
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Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation
On December 24, 2025, NextNRG Inc. (the “Company”) was served by Cohen Global Energy LLC (the “Lender”) with a complaint alleging an event of default under a promissory note issued by Next/Ingle Holdings LLC, a consolidated subsidiary of the Company (the “Borrower”).
As previously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16, 2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025. The Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for further extensions were unsuccessful and the Lender filed a lawsuit alleging that the Borrower failed to repay the outstanding balance of the Note by the maturity date and that such failure constitutes an event of default under the Note.
The Lender further alleges that, as a result of the alleged event of default, it is entitled to exercise remedies under the Note, including the imposition of default-related charges and the right to declare all outstanding amounts immediately due and payable. The complaint seeks recovery of amounts the Lender claims are outstanding under the Note, including interest and other amounts calculated by the Lender.
The Company has hired counsel in order to defend the action vigorously. The Company cannot predict the outcome of the litigation.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements, including statements regarding the Company’s evaluation of the claims asserted, discussions with the lender, and potential outcomes of the related litigation. Forward-looking statements are subject to risks and uncertainties, including those relating to litigation, liquidity, access to capital, and the Company’s ability to resolve disputes with creditors, which could cause actual results to differ materially from those expressed or implied.
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: January 2, 2026 | By: | /s/ Michael Farkas |
| Name: | Michael Farkas | |
| Title: | Chief Executive Officer | |