EzFill Holdings, Inc. Announces Strategic Transactions and Debt Restructuring
EzFill Holdings, Inc. (EZFL)
Company Research
Source: GlobeNewswire
Converts $13.5 Million of Debt to Equity NextNRG Invests an Additional $1.4 Million MIAMI, FL, Aug. 20, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fueling industry, today announced a series of strategic transactions aimed at bolstering its financial position and regaining compliance with Nasdaq listing requirements, subject to Nasdaq confirmation. The transactions, which have closed, leave the Company essentially debt free except for a small outstanding loan, current payables, and certain vehicle financing; and augment the Company’s cash position. The debt conversions alone are expected to eliminate an estimated $1.2 million in annual interest expense. EzFill has entered into a Stock Purchase Agreement with NextNRG Holding Corp (“Next”). Under this agreement, Next purchased 140,000 shares of EzFill’s Series B Convertible Preferred Stock for $10.00 per share, resulting in a total investment
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EZFL
News
- EzFill Holdings, Inc. Regains Compliance with NASDAQ Listing Standard [Yahoo! Finance]Yahoo! Finance
- EzFill Holdings, Inc. Regains Compliance with NASDAQ Listing StandardGlobeNewswire
- EZFill Holdings Second Quarter 2024 Earnings: US$1.67 loss per share (vs US$1.78 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- EzFill Holdings GAAP EPS of -$1.67, revenue of $7.4M [Seeking Alpha]Seeking Alpha
- EzFill Announces 2024 Second Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
EZFL
Sec Filings
- 9/27/24 - Form 8-K
- 9/23/24 - Form 4
- 9/19/24 - Form 4
- EZFL's page on the SEC website