CORRECTION FROM SOURCE: Nexera Announces Closing of Private Placement of Units (Under Partial Revocation Order)

Rhea-AI Summary

Nexera Energy (OTC Pink: EMBYF, TSXV: NGY) issued a correction to its June 30, 2026 release on a non-brokered private placement. The company clarified that 28,333,334 units were issued at $0.015 per unit, not $0.025, for aggregate gross proceeds of $425,000. All other private placement terms remain unchanged.

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Calgary, Alberta, and San Antonio, Texas--(Newsfile Corp. - July 22, 2026) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the "Corporation", the "Company" or "Nexera"). The Company reported the following correction to an inadvertent error in its news release dated June 30, 2026 announcing the closing of its previously disclosed non-brokered private placement. The June 30, 2026 news release incorrectly stated that the 28,333,334 units issued pursuant to the private placement were issued at a price of $0.025 per unit. The correct issue price was $0.015 per unit, resulting in aggregate gross proceeds of $425,000, as previously reported. All other terms of the private placement described in the June 30, 2026 news release remain unchanged.

For further information, please contact:

Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@nexeraenergy.com
www.nexeraenergy.com

Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein relating to the timing of the filing of financial statements constitutes forward-looking statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306119

FAQ

What correction did Nexera Energy (OTC Pink: EMBYF) announce on July 22, 2026?

Nexera Energy corrected the unit issue price for a recent private placement. According to Nexera, 28,333,334 units were issued at $0.015 per unit, not $0.025, while aggregate gross proceeds remained $425,000 and all other terms stayed the same.

What is the correct unit price for Nexera Energy's recent private placement (EMBYF)?

The correct unit price is $0.015 per unit. According to Nexera, its June 30, 2026 release mistakenly stated $0.025, but the placement of 28,333,334 units actually occurred at $0.015, producing aggregate gross proceeds of $425,000 as previously reported.

Did Nexera Energy change the total gross proceeds of its private placement announced June 30, 2026?

No, the total gross proceeds remained $425,000. According to Nexera, only the per-unit issue price was misstated previously; the corrected price of $0.015 for 28,333,334 units still results in aggregate gross proceeds of $425,000, with all other terms unchanged.

How many units were issued in Nexera Energy's corrected private placement disclosure for EMBYF?

Nexera Energy issued 28,333,334 units in the private placement. According to Nexera, these units were part of a previously disclosed non-brokered financing, with a corrected issue price of $0.015 per unit and aggregate gross proceeds confirmed at $425,000, matching prior totals.

Were any other terms of Nexera Energy's private placement changed in the July 22, 2026 correction?

No, only the unit price disclosure was corrected. According to Nexera, aside from clarifying the $0.015 per unit issue price and confirming $425,000 in gross proceeds, all other terms described in the June 30, 2026 private placement announcement remain the same.