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Convertible deal gives Nexera (NASDAQ: NEXR) $2M note and new warrant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Nexera Technologies Ltd entered into additional convertible financing, issuing a Fifth Promissory Note with a principal amount of $2,000,000 to an institutional investor for cash proceeds of $1,800,000. The note is part of a Securities Purchase Agreement that allows up to $100,000,000 of such notes, with $88,000,000 still available and no minimum-draw requirements.

The note carries 4% annual interest, rising to 14% on default, matures in 28 months, and will be repaid in ten equal monthly installments starting 18 months after issuance. It is convertible at the lower of a fixed price of $0.734 per share or 88% of the 20-day volume weighted average price, subject to a $0.14680 floor and a 4.99% beneficial ownership cap.

Nexera also issued a warrant for up to 3,212,336 ordinary shares, initially exercisable at $0.734 per share for 5.5 years. Effective June 19, 2026, the exercise price of this warrant and the outstanding Series A Warrants was adjusted to $0.6226 per share. The company plans to use net proceeds from the note and any cash warrant exercises for working capital and general corporate purposes.

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Insights

Nexera secures $1.8M cash via a flexible $2M convertible note plus warrant package.

Nexera Technologies Ltd raised $1,800,000 in cash through a Fifth Promissory Note with $2,000,000 principal under a broader $100,000,000 Securities Purchase Agreement, leaving $88,000,000 undrawn and without minimum-use commitments. This structure gives the company staged access to capital.

The note’s conversion terms use the lower of a fixed $0.734 price or 88% of the 20-day volume weighted average price, with a floor at $0.14680. A 4.99% beneficial ownership cap limits any single conversion, while interest is 4% annually, rising to 14% on default, and amortization starts 18 months after the June 18, 2026 issuance.

A warrant for up to 3,212,336 ordinary shares, originally exercisable at $0.734 and reset to $0.6226 effective June 19, 2026, provides additional potential funding if exercised in cash, but also adds possible future dilution. The filing notes that the warrant exercise is the Holder’s sole recourse for non-payment, indicating that recovery is tied to equity value rather than traditional claims on other assets.

Note principal $2,000,000 Fifth Promissory Note principal amount issued June 18, 2026
Cash proceeds $1,800,000 Purchase price equal to 90% of note principal
SPA capacity remaining $88,000,000 Undrawn portion of up to $100,000,000 note program
Warrant shares 3,212,336 shares Maximum ordinary shares purchasable under new warrant
Original exercise price $0.734/share Initial warrant and fixed conversion price per ordinary share
Adjusted exercise price $0.6226/share New exercise price for Series A and June 2026 warrants from June 19, 2026
Interest rate 4% (14% on default) Annual interest on note; higher rate during default events
Conversion floor price $0.14680/share Minimum conversion price, equal to 20% of fixed price
convertible promissory note financial
"issued to an institutional investor (the “Holder”) a convertible promissory note (the “Fifth Promissory Note”)"
A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.
Securities Purchase Agreement financial
"pursuant to the previously reported Securities Purchase Agreement, dated as of June 26, 2025"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
volume weighted average price financial
"88% of the lowest daily volume weighted average price during the 20 consecutive trading days"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
beneficial ownership financial
"conversion may not result in the Holder’s beneficial ownership of Ordinary Shares after giving effect to such conversion exceeding 4.99%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Floor Price financial
"provided that such Variable Price may not be lower than $0.14680 per Ordinary Share (the “Floor Price”)"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
forward-looking statements regulatory
"This Form 6-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of June 2026

 

Commission File Number: 001-41482

 

NEXERA TECHNOLOGIES LTD

(Translation of registrant’s name into English)

 

7 Mezada St.

Bnei Brak, Israel 5126112

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

CONTENTS

 

Convertible Promissory Note and Warrant

 

On June 18, 2026 (the “Issuance Date”), Nexera Technologies Ltd (the “Company” or “Nexera”) issued to an institutional investor (the “Holder”) a convertible promissory note (the “Fifth Promissory Note”) in the principal amount of $2,000,000 (the “Principal Amount”), for a purchase price in cash of $1,800,000 (equal to 90% of the Principal Amount). The Fifth Promissory Note was issued pursuant to the previously reported Securities Purchase Agreement, dated as of June 26, 2025, as amended (the “SPA”), by and between the Company and the Holder, pursuant to which the Company may issue and sell, from time to time, convertible promissory notes (the “Promissory Notes”) in an aggregate principal amount of up to $100,000,000 (the “Subscription Amount”). The Company is not obligated to utilize any of the remaining Subscription Amount available under the SPA, which as of the date hereof is $88,000,000, and there are no minimum commitments or minimum use penalties.

  

On June 18, 2026, Nexera issued to the Holder a warrant (the “Warrant”) to purchase up to 3,212,336 ordinary shares, no par value, of the Company (the “Ordinary Shares”), representing 100% of the maximum number of Ordinary Shares issuable pursuant to the Fifth Promissory Note. The Warrant was exercisable immediately upon issuance at an exercise price of $0.734 per Ordinary Share (subject to certain anti-dilution and share combination event protections) and has a term of 5.5 years from the Issuance Date. The number of Ordinary Shares underlying the Warrant is subject to certain adjustments, as described in the Warrant.

 

The Company intends to use the net proceeds from the issuance of the Fifth Promissory Note and any additional net proceeds from the exercise of the Warrant, to the extent exercised in cash, for working capital and general corporate purposes.

 

The Fifth Promissory Note matures 28 months from the Issuance Date and is to be repaid, together with accrued and unpaid interest, in ten equal monthly payments, beginning on the eighteen month anniversary of the Issuance Date, unless earlier repaid (partially or in full) at the option of the Company, or extended at the option of the Holder in accordance with its terms. The Fifth Promissory Note accrues interest at an annual rate of 4% (which will increase to 14% upon the occurrence and during the continuance of an event of default, as defined in the Fifth Promissory Note).

 

The Fifth Promissory Note is convertible (partially or in full) into Ordinary Shares, at the option of the Holder, at any time after the Issuance Date, at a conversion price equal to the lower of (i) $0.734, which was the closing price of the Ordinary Shares on the Nasdaq Capital Market on June 17, 2026, the trading day immediately prior to the Issuance Date (the “Fixed Price”), and (ii) 88% of the lowest daily volume weighted average price during the 20 consecutive trading days immediately preceding the applicable date of conversion (the “Variable Price”), provided that such Variable Price may not be lower than $0.14680 per Ordinary Share (the “Floor Price”), which is equal to 20% of the Fixed Price; subject to certain adjustments as provided in the Fifth Promissory Note. The Holder’s option to convert the Principal Amount, together with accrued and unpaid interest due under the Fifth Promissory Note at any time is subject to the limitation that the conversion may not result in the Holder’s beneficial ownership of Ordinary Shares after giving effect to such conversion exceeding 4.99% of the issued and outstanding Ordinary Shares.

 

1

 

 

The Fixed Price of any additional Promissory Notes to be issued pursuant to the SPA will be equal to the closing price of the Ordinary Shares on the Nasdaq Capital Market on the last trading day immediately prior to the date of issuance of such Promissory Note, and the Floor Price will be equal to 20% of such Fixed Price.

 

The exercise of the Warrant constitutes the Holder’s sole recourse against non-payment of the Principal Amount, Interest, and any Payment Premium (as defined in the Promissory Notes), if applicable, regardless of whether the aggregate value realized from the Warrant and/or the Ordinary Shares issued pursuant to the terms of the Fifth Promissory Note is less than the then outstanding Principal Amount, Interest, and, if applicable, the Payment Premium.

 

The Fifth Promissory Note and the Warrant were, and the Ordinary Shares issuable upon conversion or exercise, as applicable, thereof (the “Securities”) will be, issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and have not been, and will not be, registered under the Securities Act, or applicable state securities laws. Accordingly, the Securities may not be sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities law. Pursuant to the SPA, the Company has agreed to file a registration statement with the SEC to register the resale of the Ordinary Shares issuable upon conversion of the Fifth Promissory Note and upon exercise of the Warrant.

 

This Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”) shall not constitute an offer to sell or the solicitation of an offer to buy the Securities, nor shall there be any sale of these Securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

The descriptions of the Fifth Promissory Note and the Warrant set forth above do not purport to be complete and are qualified in their entirety by reference to the full text of those documents, which are attached hereto as Exhibits 4.1 and 4.2, respectively. 

 

Adjustments to Exercise Price

 

Nexera hereby updates that pursuant to Section 2(a) of the Series A Warrants, issued on January 29, 2024 (the “Series A Warrants”), Section 2(a) of the warrants issued on June 9, 2026 in the Company’s private placement (the “June 2026 PIPE Warrants”), and Section 2(a) of the Warrant, effective as of June 19, 2026, the exercise price per each whole Ordinary Share issuable upon exercise of the outstanding Series A Warrants and the Warrant was adjusted to $0.6226 (subject to any further adjustment as provided therein). No other changes, adjustments or modifications were made to the Series A Warrants, June 2026 PIPE Warrants or the Warrant.

 

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Incorporation by Reference

 

This Form 6-K is incorporated by reference into the Company’s Registration Statements on Form F-3 (File No. 333-277188, File No. 333-262835, File No. 333-283848, File No. 333-283904, File No. 333-285030, File No. 333-287341, File No. 333-293607 and File No. 333-295999) and Registration Statements on Form S-8 (File No. 333-269119, File No. 333-280459, File No. 333-291322 and File No. 333-295195), to be a part thereof from the date on which this Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Cautionary Note Regarding Forward-Looking Statements

 

This Form 6-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs or projections will be achieved, and actual results may differ materially from what is expressed in, or indicated by, the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed on April 1, 2026. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

 

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EXHIBIT INDEX

 

Exhibit No.    
4.1   Form of Fifth Convertible Promissory Note issued June 18, 2026
4.2   Form of Warrant to Purchase Ordinary Shares of Nexera Technologies Ltd issued June 18, 2026

 

4

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Nexera Technologies Ltd
     
  By: /s/ Ronen Zalayet
  Name: Ronen Zalayet
  Title: Chief Financial Officer

 

Date: June 22, 2026

 

5

FAQ

What financing did Nexera Technologies (NEXR) announce in this Form 6-K?

Nexera issued a Fifth Convertible Promissory Note with a principal amount of $2,000,000 to an institutional investor, receiving $1,800,000 in cash. The note is part of a $100,000,000 facility, with $88,000,000 still available for potential future issuances.

What are the key terms of Nexera Technologies (NEXR) new convertible note?

The note has $2,000,000 principal, 4% annual interest, and matures 28 months after June 18, 2026. It is repaid in ten equal monthly installments starting 18 months after issuance and can convert into ordinary shares under a fixed or formula-based price with a set floor.

How is the conversion price determined for Nexera Technologies (NEXR) convertible note?

The conversion price is the lower of a fixed $0.734 per share or 88% of the lowest daily volume weighted average price over the 20 trading days before conversion, subject to a minimum floor price of $0.14680 per share, with standard adjustment provisions.

What warrant did Nexera Technologies (NEXR) issue alongside the new note?

Nexera issued a warrant to purchase up to 3,212,336 ordinary shares, initially exercisable at $0.734 per share for 5.5 years from June 18, 2026. Effective June 19, 2026, the exercise price for this warrant and certain prior warrants was adjusted to $0.6226 per share.

How will Nexera Technologies (NEXR) use the proceeds from the convertible note and warrant?

The company plans to use net proceeds from the $2,000,000 Fifth Promissory Note, and any additional net proceeds from cash exercises of the warrant, for working capital and general corporate purposes, supporting ongoing operations and general business needs.

What ownership limitation applies to conversions of Nexera Technologies (NEXR) new note?

The holder’s ability to convert the note is limited so that, after any conversion, its beneficial ownership of Nexera ordinary shares cannot exceed 4.99% of the issued and outstanding shares, helping prevent the holder from crossing certain ownership thresholds.

Filing Exhibits & Attachments

2 documents