EzFill Holdings Inc. Files S-1/A Amendment

TL;DR

EzFill Holdings filed an S-1/A, showing minimal balances for preferred stock and related/non-related parties as of Sept 30, 2024.

AI Summary

EzFill Holdings Inc. filed an S-1/A amendment on November 20, 2024, detailing its financial position. As of September 30, 2024, the company had related party balances of $0 and non-related party balances of $1,000, with Series A convertible preferred stock valued at $1,000 and Series B at $1,000. Next NRG Holding Corp. also had related party balances of $0 and non-related party balances of $1,000 as of the same date.

Why It Matters

This S-1/A filing provides updated financial information for EzFill Holdings Inc., which is crucial for investors to assess the company's current financial health and make informed investment decisions.

Risk Assessment

Risk Level: medium — The filing is an amendment to a registration statement, indicating ongoing efforts to go public or raise capital, which inherently carries risks for investors.

Key Numbers

• $1,000 — Series A Convertible Preferred Stock (Value as of September 30, 2024)
• $1,000 — Series B Convertible Preferred Stock (Value as of September 30, 2024)
• $0 — Related Party Balances (EzFill Holdings Inc.) (As of September 30, 2024)
• $1,000 — Non-Related Party Balances (EzFill Holdings Inc.) (As of September 30, 2024)

Key Players & Entities

• EzFill Holdings Inc. (company) — Filer of the S-1/A amendment
• November 20, 2024 (date) — Filing date of the S-1/A amendment
• $1,000 (dollar_amount) — Value of Series A Convertible Preferred Stock as of September 30, 2024
• $1,000 (dollar_amount) — Value of Series B Convertible Preferred Stock as of September 30, 2024
• Next NRG Holding Corp. (company) — Entity with reported balances in the filing

FAQ

Key Financial Figures

• $3.00 — have assumed a public offering price of $3.00 per share. Our common stock is listed
• $2.73 — price of our common stock on Nasdaq was $2.73 per share. On February 21, 2024, we r
• $2,500,000 — pany's stockholders' equity be at least $2,500,000 (the "Equity Rule"). On August 30, 2024
• $500 B — ducts to enable this convenience in the $500 B (according to market estimates) market
• $100 m — ther reaching annual revenues exceeding $100 million, the Company completing projects
• $100 m — ects with deployment costs greater than $100 million, or the Company completing a capi
• $25 million — completing a capital raise greater than $25 million. The Second Amendment Agreement also
• $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) — 9789KB
• ex1-1.htm (EX-1.1) — 474KB
• ex10-89.htm (EX-10.89) — 223KB
• ex23-2.htm (EX-23.2) — 4KB
• ex23-3.htm (EX-23.3) — 4KB
• ex99-1.htm (EX-99.1) — 5KB
• ex23-2_001.jpg (GRAPHIC) — 11KB
• 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
• 0001493152-24-046904.txt ( ) — 41300KB
• ezfl-20240930.xsd (EX-101.SCH) — 124KB
• ezfl-20240930_cal.xml (EX-101.CAL) — 114KB
• ezfl-20240930_def.xml (EX-101.DEF) — 934KB
• ezfl-20240930_lab.xml (EX-101.LAB) — 953KB
• ezfl-20240930_pre.xml (EX-101.PRE) — 970KB
• forms-1a_htm.xml (XML) — 10532KB

DILUTION

DILUTION 16 CAPITALIZATION 17 MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18

BUSINESS

BUSINESS 25 MANAGEMENT 39

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 43 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 53

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 63

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 64

UNDERWRITING

UNDERWRITING 67 LEGAL MATTERS 75 EXPERTS 75 WHERE YOU CAN FIND MORE INFORMATION 75 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

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View this S-1/A filing on SEC EDGAR