EzFill Holdings Inc. Files S-1/A Amendment

TL;DR

EzFill Holdings Inc. updated its S-1/A filing on 6/26/24, showing Q1 2024 financials and related party info.

AI Summary

EzFill Holdings Inc. filed an S-1/A amendment on June 26, 2024, detailing its financial status. The company, operating in the auto dealer and gasoline station sector, reported financial data for periods ending March 31, 2024, December 31, 2023, and December 31, 2022. Key financial relationships with entities like NextNRGHoldingCorp and its Series X Preferred Stock are highlighted.

Why It Matters

This filing provides updated information for investors and the public regarding EzFill Holdings Inc.'s financial condition and business operations, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — The filing is an amendment to a registration statement, indicating ongoing efforts to raise capital or comply with regulatory requirements, which can carry inherent risks.

Key Numbers

• 21,930 — Number of Filings (Total number of documents associated with this filing accession number.)
• 2024-03-31 — Q1 2024 End Date (End date for the first quarter financial reporting period.)
• 2023-12-31 — FY 2023 End Date (End date for the fiscal year 2023 financial reporting period.)

Key Players & Entities

• EzFill Holdings Inc. (company) — Filer of the S-1/A amendment
• 0001493152-24-025150 (filing_id) — Accession number for the filing
• 20240626 (date) — Filing date
• 333-275761 (sec_file_number) — SEC file number for the registration
• NextNRGHoldingCorp (company) — Related party entity mentioned in financial data
• Series X Preferred Stock (security) — Type of preferred stock associated with NextNRGHoldingCorp

FAQ

Key Financial Figures

• $4.825 — have assumed a public offering price of $4.825 per share, based on the last reported s
• $1.93 — ased on the last reported sale price of $1.93 of our common stock on June 18, 2024, a
• $2,500,000 — pany's stockholders' equity be at least $2,500,000 (the "Equity Rule"). At a hearing held
• $500 B — ducts to enable this convenience in the $500 B (according to market estimates) market
• $5,060,000 — er (through NextNRG) of an aggregate of $5,060,000 in outstanding notes plus accrued inter
• $234,522 — standing notes plus accrued interest of $234,522, for total debt of $5,294,522 of the Co
• $5,294,522 — interest of $234,522, for total debt of $5,294,522 of the Company and is the beneficial ow
• $5.5 million — ng technologies for a purchase price of $5.5 million in cash. The licenses purchased from SE
• $75,000 — wide, and require milestone payments of $75,000 upon the achievement of $2.0 million in
• $2.0 million — ents of $75,000 upon the achievement of $2.0 million in net revenues and an annual royalty p
• $50,000 — venues and an annual royalty payment of $50,000 in 2024, $60,000 in 2025 and $75,000 fo
• $60,000 — ual royalty payment of $50,000 in 2024, $60,000 in 2025 and $75,000 for each year there
• $40,000 — the case of microgrid technologies) and $40,000 in 2024, $50,000 in 2025 and $60,000 fo
• $350,000 — o the receipt of change of control fee ($350,000 in the case of microgrid technologies a
• $300,000 — the case of microgrid technologies and $300,000 in the case of the wireless charging te

Filing Documents

• forms-1a.htm (S-1/A) — 7062KB
• ex23-2.htm (EX-23.2) — 4KB
• ex23-3.htm (EX-23.3) — 4KB
• forms-1a_001.jpg (GRAPHIC) — 6KB
• forms-1a_002.jpg (GRAPHIC) — 12KB
• forms-1a_003.jpg (GRAPHIC) — 33KB
• forms-1a_004.jpg (GRAPHIC) — 36KB
• forms-1a_005.jpg (GRAPHIC) — 31KB
• forms-1a_006.jpg (GRAPHIC) — 19KB
• forms-1a_007.jpg (GRAPHIC) — 7KB
• forms-1a_008.jpg (GRAPHIC) — 8KB
• forms-1a_009.jpg (GRAPHIC) — 15KB
• forms-1a_010.jpg (GRAPHIC) — 20KB
• forms-1a_011.jpg (GRAPHIC) — 23KB
• form10-k_001.jpg (GRAPHIC) — 7KB
• nextaudit_001.jpg (GRAPHIC) — 6KB
• ex23-2_001.jpg (GRAPHIC) — 11KB
• 0001493152-24-025150.txt ( ) — 30004KB
• ezfl-20240331.xsd (EX-101.SCH) — 96KB
• ezfl-20240331_cal.xml (EX-101.CAL) — 104KB
• ezfl-20240331_def.xml (EX-101.DEF) — 803KB
• ezfl-20240331_lab.xml (EX-101.LAB) — 704KB
• ezfl-20240331_pre.xml (EX-101.PRE) — 824KB
• forms-1a_htm.xml (XML) — 7622KB

DILUTION

DILUTION 14 CAPITALIZATION 15 MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 15

BUSINESS

BUSINESS 23 MANAGEMENT 37

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 41 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 51

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 60

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 61

UNDERWRITING

UNDERWRITING 63 LEGAL MATTERS 71 EXPERTS 71 WHERE YOU CAN FIND MORE INFORMATION 71 i We use our registered trademark, EzFill, in this prospectus. This prospectus also includes trademarks, trade names and service marks that are the property of other organizations. Solely for convenience, trademarks and tradenames referred to in this prospectus appear without the and symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or that the applicable owner will not assert its rights, to these trademarks and tradenames. You should rely only on the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with any information other than that contained in this prospectus. We are offering to sell, and seeking offers to buy, the securities covered hereby only in jurisdictions where offers and sales are permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front cover of those documents. Our business, financial condition, results of operations and prospects may have changed since those dates. We are not, and the underwriter is not, making an offer of these securities in any jurisdiction where the offer is not permitted. For investors outside the United States: We have not, and the underwriters have not, taken any action that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United relating to, the offering of the securities covered hereby the distribution of this prospectus outside the United States. We further note that the representations, warranties and covenants made by us

View Full Filing

View this S-1/A filing on SEC EDGAR