Nexera Energy Inc. Announces Intention to Eliminate Liabilities on Balance Sheet

Rhea-AI Summary

Nexera Energy Inc. (OTC Pink: EMBYF) announced plans to negotiate with debt holders to eliminate substantially all debt via debt forgiveness and debt-for-equity conversions. Any converted debt will be exchanged for common shares at $0.05 per share or higher.

The company says the restructuring aims to reset capital structure, strengthen the balance sheet, and support Nexera's transition from oil and gas to waste tire recycling. Transactions remain subject to final agreements, TSX Venture Exchange approval, and regulatory requirements; further updates will follow as material milestones are achieved.

Positive

• Plan to eliminate substantially all debt from the balance sheet
• Debt conversion floor set at $0.05 per common share
• Aims to materially strengthen financial flexibility and capital structure

Negative

• Potential shareholder dilution from debt-to-equity conversions at $0.05 per share
• Restructuring remains conditional on final agreements and TSXV approval
• Outcome and timing uncertain until regulatory and creditor consents are secured

Calgary, Alberta and San Antonio, Texas--(Newsfile Corp. - February 10, 2026) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) ("Nexera" or the "Company") today announced that it is actively negotiating with its debt holders to eliminate substantially all debt from the Company's balance sheet, marking a pivotal step in Nexera's strategic transformation.

The Company is pursuing a comprehensive balance sheet restructuring that is expected to resolve outstanding obligations through a combination of debt forgiveness and the conversion of debt into equity. Any debt converted into common shares will be issued at $0.05 per share or higher.

This initiative is designed to reset Nexera's capital structure, materially strengthen its financial position, and remove legacy constraints that have limited the Company's ability to scale. Upon completion, Nexera expects to emerge with a significantly cleaner balance sheet, enhanced financial flexibility, and a clear runway to execute its previously announced change of business and growth strategy.

Mike Rice, Chief Financial Officer of Nexera Energy Inc., commented:

"This restructuring is about decisively positioning Nexera for growth. Eliminating legacy liabilities unlocks our ability to accelerate our Company's transition from Oil and Gas to Waste Tire Recycling. We are focused on building a stronger, more investable company with a clear path to execution and value creation."

The proposed transactions remain subject to final agreements with debt holders, approval of the TSX Venture Exchange, and satisfaction of all applicable regulatory requirements. Nexera will provide additional updates as material milestones are achieved.

For further information, please contact:
Shelby D. Beattie
President, Nexera Energy Inc.
Telephone: (403) 262-6000
Email: info@nexeraenergy.com
Website: www.nexeraenergy.com

ABOUT NEXERA ENERGY INC.

Nexera Energy Inc. (TSXV: NGY) is an energy company focused on the acquisition, development, and operation of oil-producing properties in Southwest Texas. Nexera owns and operates the Lavernia, Wooden Horse, and Stockdale Horizon Projects and is the 100% owner of Production Resources Inc., a South Texas oil company.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on the opinions, expectations, and estimates of management as of the date of this release and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, Nexera undertakes no obligation to update or revise any forward-looking statements.

Neither the 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/283207

FAQ

What is Nexera Energy (EMBYF) proposing to do with its debt on February 10, 2026?

Nexera proposes to eliminate substantially all debt through forgiveness and conversions into equity. According to Nexera Energy, conversions will issue common shares at $0.05 per share or higher, subject to final creditor agreements, TSX Venture Exchange approval, and regulatory clearances.

How will the proposed debt-for-equity conversions affect EMBYF shareholders?

Conversions could dilute existing shareholders due to new common shares issued at $0.05 or higher. According to Nexera Energy, dilution magnitude depends on final conversion amounts and terms agreed with debt holders and is contingent on regulatory approvals.

What approvals are required for Nexera's balance sheet restructuring (EMBYF)?

The restructuring requires final agreements with debt holders and TSX Venture Exchange approval. According to Nexera Energy, satisfaction of all applicable regulatory requirements is also required before transactions can close and the restructuring is implemented.

Why is Nexera pursuing the debt elimination and how will it impact its strategy?

Nexera says the move is intended to reset capital structure and enable its transition to waste tire recycling. According to Nexera Energy, removing legacy liabilities should enhance financial flexibility and support execution of its change-of-business and growth strategy.

Will Nexera provide updates on material milestones for the EMBYF restructuring?

Yes, Nexera will issue updates as material milestones are achieved. According to Nexera Energy, investors can expect additional disclosures once final agreements, regulatory approvals, or other material steps are completed.