Nexera Announces Closing of the First Tranche of its Private Placement of Units (under Partial Revocation Order)

The issued shares and warrants remain subject to a cease trade order, with full revocation uncertain.

Rhea-AI Summary

Nexera Energy (EMBYF) closed the first tranche of its non-brokered private placement, raising $219,500 under a partial cease-trade revocation. It issued 14,633,333 units at $0.015 each, comprising one common share and one warrant to buy another share at $0.10 for 24 months, subject to acceleration.

Nexera intends to allocate net proceeds to audit, accounting, exchange, regulatory and legal fees and continue efforts to complete the remaining offering. A $1,950 cash finder's fee is payable to Leede Financial, subject to exchange acceptance. All issued shares and warrants remain under the cease trade order until full revocation, which is uncertain. The tranche closing remains subject to final TSX Venture Exchange acceptance.

2 points · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 9 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Minor pointFirst-tranche financing raised $219,500 under a partial revocation of the cease trade order.
• Minor point. Forward-looking: it has not happened yet and may not happen.Nexera intends to continue efforts to complete the balance of the offering.

Negative

• Moderate pointIssued shares and warrants remain under the cease trade order; full revocation is uncertain.
• Minor point14,633,333 units at $0.015 each issued shares and warrants, diluting holders with further potential dilution.
• Minor pointFirst-tranche closing remains subject to final TSX Venture Exchange acceptance.
• Minor point. Forward-looking: it has not happened yet and may not happen.Cash finder's fee of $1,950 is payable to Leede Financial, subject to exchange acceptance.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned additional audit fees for 2026 year-end financial statements use approximately $85,550 of net proceeds.

4 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Planned additional accounting and financial reporting support uses approximately $91,500 of net proceeds.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned TSX Venture Exchange fees use approximately $3,000 of net proceeds.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned fees due to securities regulators use approximately $20,500 of net proceeds.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned legal fees for applications, compliance and the offering use approximately $17,000 of net proceeds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Calgary Alberta, and San Antonio, Texas--(Newsfile Corp. - October 20, 2026) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the "Corporation", the "Company" or "Nexera") today reported that the Corporation has, pursuant to the partial revocation of the cease trade order issued against the Corporation on August 5, 2025 (the "Cease Trade Order") (see the Corporation's press release dated September 15, 2026), closed the first tranche of its previously announced non-brokered private placement. Pursuant to this first tranche closing, an aggregate 14,633,333 units ("Units") were issued at a price of $0.015 per Unit, for aggregate consideration of $219,500. Each Unit consisted of one (1) Common Share of the Corporation and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional Common Share of the Corporation for a period of 24 months from the issuance of the Units at a price of $0.10) (the "Offering"). In connection with the first tranche of the Offering, the Corporation will pay a cash finder's fee of $1,950 to Leede Financial Inc., subject to acceptance by the TSX Venture Exchange.

The Warrants are subject to an acceleration clause whereby if after four months and one day following the date the Warrants are issued, the closing price of the Common Shares of the Corporation on the principal market on which such shares trade is equal to or exceeds $0.15 for 30 consecutive trading days (with the 30^th such trading date hereafter referred to as the "Eligible Acceleration Date"), the Warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the Corporation announcing the reduced warrant term, provided, no more than five business days following the Eligible Acceleration Date: (i) the press release is issued; and (ii) notices are sent to all warrant holders.

The Corporation intends to allocate the net proceeds from this first tranche in the following approximate amounts: (i) additional audit fees (annual financial statements for 2026 year-end) - $85,550; (ii) additional accounting & financial reporting support -$91,500; (iii) TSX Venture Exchange Fees - $3,000; (iv) fees due to securities regulators - $20,500; and (v) legal fees (applications, compliance, offering) - $17,000. The Corporation intends to continue its efforts to complete the balance of the Offering.

All Common Shares and Warrants issued pursuant to the first tranche of the Offering remain subject to the Cease Trade Order until a full revocation order is granted, the issuance of which is not certain. The securities are also subject to applicable statutory resale restrictions, including a four-month hold period. The Warrants will not be listed on any stock exchange. The first tranche closing remains subject to final acceptance by the TSX Venture Exchange.

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.

About Nexera Energy Inc.

Nexera Energy Inc. (TSXV: NGY) is an energy company with oil producing properties in Southwest Texas. Company also now owns 100% of Production Resources Inc., a South Texas oil company.

Forward-Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein relating to the Offering 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/319967

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Nexera Energy raise in its first private placement tranche?

Nexera Energy raised $219,500 by issuing 14,633,333 units at $0.015 each. Each unit contains one common share and one warrant exercisable for one additional common share at $0.10 for 24 months from unit issuance, subject to an acceleration clause.

When can Nexera Energy accelerate the private placement warrants?

Acceleration can apply after four months and one day from warrant issuance if the common shares close at or above $0.15 for 30 consecutive trading days on their principal market. Within five business days after the qualifying date, Nexera must issue a press release and notify warrant holders. Expiry then becomes 30 calendar days after that release.

What resale and listing restrictions apply to Nexera Energy's private placement securities?

The securities carry applicable statutory resale restrictions, including a four-month hold period, and the warrants will not be listed on any stock exchange. Separately, all shares and warrants issued in the first tranche remain subject to the cease trade order until a full revocation order is granted, which is uncertain.