Next Bridge Hydrocarbons, Inc. 8-K

What Happened
Next Bridge Hydrocarbons, Inc. filed an 8-K reporting that on January 7, 2026 it entered into the Tenth Amendment to a 5% Unsecured Promissory Note with Gregory McCabe, the company’s Chairman, CEO and largest stockholder, to increase the principal amount available for disbursement from $20,000,000 to up to $25,000,000. The Amendment was authorized by the company’s Audit Committee. The filed exhibit (Exhibit 10.1) to the 8-K is dated January 14, 2026.

Key Details

• The underlying instrument is a 5% Unsecured Promissory Note (previously up to $20,000,000).
• Amendment increases the maximum principal available to the company to up to $25,000,000.
• Lender/holder: Gregory McCabe (Chairman, CEO, and largest stockholder).
• The Amendment was approved by the Audit Committee; all other terms of the Note remain in effect.

Why It Matters
This amendment gives Next Bridge additional access to financing from an insider, which can provide near-term liquidity without issuing equity. Because the loan is unsecured and is a related‑party transaction with the CEO as lender, investors should note the governance disclosure and the Audit Committee approval. Watch future filings for any draws, repayments, or material uses of the additional funds, since those actions will affect the company’s cash position and leverage.