Financing ·
NextNRG, Inc. entered into a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC on June 30…
NXXTNextnrg, Inc.
NextNRG, Inc. entered into a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC on June 30, 2026, to sell $1,499,900 of future receivables for a purchase price of $1,000,000, resulting in a net fund provision of $940,000 after a $60,000 fee. The agreement is secured by a first priority security interest in the Company's assets and includes a largety of 25% of daily settlements to be collected via ACH. CEO Michael D. Farkas personally guaranteed the CEO's performance of the agreement. NextNRG, Inc. is a company that operates in the energy sector and provides services to customers via accounts and contract rights.