EzFill Holdings Converts $13.5M Of Debt To Equity; NextNRG Invests Additional $1.4M
Portfolio Pulse from Benzinga Newsdesk
EzFill Holdings has converted $13.5 million of its debt into equity and received an additional $1.4 million investment from NextNRG. This move is likely to improve the company's financial stability and reduce its debt burden.
August 20, 2024 | 12:46 pm
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EzFill Holdings has converted $13.5 million of its debt into equity, which will reduce its debt burden and potentially improve its financial stability. Additionally, NextNRG has invested $1.4 million, providing further financial support.
The conversion of debt to equity reduces EzFill's debt burden, which is positive for its balance sheet and financial health. The additional investment from NextNRG provides further capital, indicating confidence in EzFill's business prospects.
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