Nexus Advanced Technologies (NXAT) entered a note and warrant restructuring agreement with Anson Funds, effective October 2, 2026.
Full payment of $2.5 million will fix the remaining note’s conversion price at the average daily volume-weighted average price for the three preceding trading days and end its anti-dilution and price-reset adjustments. Anson may exchange warrants covering 8,310,250 ordinary shares for 4.5 million ordinary shares, subject to ownership limits and specified adjustments. Delivery cancels exchanged warrants; full exchange eliminates their adjustment provisions.
Anson also consented to an at-the-market offering during the agreed consent period at a minimum price of $2.00 per ordinary share. Existing adjustments continue until the applicable milestones are completed; other note terms and specified financing restrictions and rights remain except as amended or waived.