NextNRG, Inc. (NXXT) entered a merchant cash advance agreement with Avanza Capital Holdings on June 30, 2026, selling $1,499,900 of its future customer receivables for an upfront payment of $1,000,000, netting $940,000 after a $60,000 fee. The company will pay Avanza 25% of its daily settlements until the full amount is collected, with weekly automatic payments of about $62,496 capped at roughly $268,732 per month. CEO Michael D. Farkas personally guaranteed the company’s performance, and the agreement is secured by substantially all of NextNRG’s assets.
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