NEXTNRG Secures $1M Merchant Cash Advance from Avanza

NEXTNRG Inc. entered into a Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC on June 30, 2026. The company sold $1,499,900 of its future accounts and receivables for a purchase price of $1,000,000, receiving net funds of $940,000 after a $60,000 fee. NEXTNRG is required to remit 25% of its daily settlements and receivables, with an initial estimated weekly payment of $62,496, until the full purchased amount is delivered. The agreement is secured by a first priority security interest in the company's assets, and CEO Michael D. Farkas provided a personal guarantee.