NEXTNRG, INC. 8-K

What Happened NEXTNRG, Inc. (NXXT) filed an 8-K on Jan. 2, 2026 disclosing that Cohen Global Energy LLC served the company with a complaint alleging an event of default under a promissory note issued by Next/Ingle Holdings LLC, a consolidated subsidiary. The Note was originally dated Dec. 16, 2024 for $5.0 million, initially matured March 31, 2025, and had been amended and extended through Nov. 1, 2025. After negotiations for further extensions failed, the lender filed suit claiming the Borrower did not repay the outstanding balance and asserting rights to default-related charges and to declare all amounts immediately due.

Key Details

• Promissory note original principal: $5.0 million (dated Dec. 16, 2024).
• Original maturity: March 31, 2025; negotiated extensions ran through November 1, 2025.
• Lender: Cohen Global Energy LLC; Borrower: Next/Ingle Holdings LLC (consolidated subsidiary).
• Company has retained counsel to defend the litigation and said it cannot predict the outcome; complaint seeks alleged outstanding amounts, interest, and other charges.

Why It Matters This Item 2.04 disclosure signals litigation that could accelerate or increase NEXTNRG’s obligations if the lender’s claims succeed, potentially affecting the company’s liquidity and access to capital. For investors, the suit raises downside risk tied to a $5.0M note and related default charges; the company’s statement that the outcome is uncertain means potential financial impact is currently unknown.