EZFill Holdings Inc. announced a private placement with the principal amount of $165,000 on March 8, 2024. The transaction will include participation from returning lender, Next Charging, LLC. The company has issued promissory note in the transaction.

The note carries fixed rate of interest of 8% per annum for the first nine months, afterward, it will begin to accrue interest on the entire balance at 18% per annum. The note will mature on May 8, 2024. The company incurred an original issue discount in the amount of $15,000, which is 10% of the aggregate original principal amount of the note.

The maturity date will automatically be extended for 2 month periods, unless lender sends 10 days written notice, prior to the end of any 2 month period, that it does not wish to extend the Note, at which point the end of the then current 2 month period shall be the maturity date.