NOMAD Power Solutions, Inc. (NMAD) launched its 2026 Nationwide Mobile Power Demonstration Tour, bringing its Voyager and Voyager Falcon transportable battery energy storage systems to 26 stops across the Mountain West, Northeast and Southwest in October and November. The company says each stop will include a live demonstration and discussions with prospective customers; it also states there is no guarantee the tour will result in new customers.
The route comprises five Mountain West stops from October 6–8, 2026, hosted with Peterson Co.; 14 Northeast stops from October 13–26, 2026, hosted with First Line Associates; and seven Southwest stops from November 2–16, 2026, hosted by NOMAD. Mountain West demonstrations feature Voyager 1.0, stated to provide 1 MW of power and 1.3 MWh of energy-storage capacity. NOMAD describes the platforms as designed for megawatt-scale deployment in under one hour and says the majority of its current sales activity originates from inbound inquiries.
On September 28, 2026, Nomad Power Solutions, Inc. (NMAD) agreed to issue a $6.57 million principal original issue discount secured promissory note in a private placement for $6.0 million in gross proceeds. The note has a $540,000 original issue discount, and the company agreed to pay $30,000 for fees and expenses. It bears interest at 9% per year until paid in full and matures 12 months from the Purchase Price Date.
Beginning on the six-month anniversary of the Purchase Price Date, the investor may, at its sole and absolute discretion, redeem up to $800,000 per calendar month by written notice; NMAD has two trading days to pay each redemption amount in cash. The note is secured by a security interest in collateral that includes the company’s equity interests, goods and equipment, accounts receivable, contract rights and other assets. Nomad, Lixte Biotechnolgy, Inc. and Liora Technologies Europe Ltd. guarantee the obligations; the latter two are wholly owned subsidiaries. The issuance relied on exemptions under Section 4(a)(2) and/or Regulation D and did not involve a public offering.
Nomad Power Solutions, Inc. (NMAD) provides updated disclosures following its merger with Nomad Transportable Power Systems, Inc., including risk factors, a business overview, audited 2024–2025 financials for NOMAD, and pro forma combined financial information. NOMAD develops and sells utility-scale mobile battery energy storage systems and related equipment.
The historical financials show fast revenue growth but heavy losses and a weak balance sheet. NOMAD generated $9.4 million of revenue in 2025, up from $2.3 million in 2024, yet recorded a 2025 net loss of $8.4 million with year-end cash of $0.2 million and a stockholders’ deficit of $11.7 million. For the six months ended June 30, 2026, NOMAD reports a net loss of $153.6 million, stockholders’ deficit of $158.8 million, and cash of $0.2 million, and its auditors highlight substantial doubt about its ability to continue as a going concern. The company relies on high‑interest debt, mezzanine loans (some in default at year‑end 2025), and equity to fund operations, partly offset by a $9.5 million U.S. Department of Energy cooperative grant and $16.5 million of cash consideration received in the July 1, 2026 merger, which was structured as a reverse acquisition with NOMAD as the accounting acquirer.
Nomad Power Solutions, Inc. (formerly Lixte Biotechnology) reported no revenue for the three and six months ended June 30, 2026 and remains in the clinical-development stage. The company generated a Q2 2026 net loss of $2.34 million and a six‑month net loss of $4.33 million, compared with $0.78 million and $1.49 million in the prior-year periods, driven mainly by higher general and administrative expenses and increased research and development.
Cash increased to $12.67 million at June 30, 2026 from $5.11 million at December 31, 2025, primarily from a $16.57 million registered direct equity financing and warrant exercises, partly offset by $3.44 million of operating cash outflows and a $6.50 million secured note advanced to Nomad Transportable Power Systems ahead of a July 1, 2026 merger. Management states there is substantial doubt about the company’s ability to continue as a going concern over the next 12 months due to ongoing losses, lack of revenue, and future funding needs for clinical programs and recommissioning of its LiGHT proton therapy system.
Vanguard Capital Management and certain affiliated entities report beneficial ownership of 622,756 shares of Lixte Biotechnology Holdings Inc common stock on a Schedule 13G. This represents 5.02% of the class as of June 30, 2026.
Vanguard has sole voting power over 67,280 shares and sole dispositive power over 622,756 shares, with no shared voting or dispositive power reported. The position is held across Vanguard investment companies and managed accounts that may receive dividends or sale proceeds, but no other single person’s interest exceeds 5% of the class.
Nomad Power Solutions, Inc. announced that its common stock is now available for options trading on the Cboe Options Exchange under the symbol NMAD. The company’s common stock will continue to trade on the Nasdaq Stock Market under the same ticker.
Chief Executive Officer Geordan Pursglove stated that the launch of options trading is a meaningful step in building the company’s public markets profile and may increase visibility among institutional and retail investors. Options trading, with a full range of standard expiration dates and strike prices, is expected to enhance investor participation, liquidity, and flexibility.
Nomad Power Solutions, Inc. is calling a virtual special meeting on September 4, 2026 to seek stockholder approval under Nasdaq Listing Rules 5635(a) and 5635(b) for the issuance of up to 50,366,070 shares of common stock upon conversion of its Series D Non-Voting Convertible Preferred Stock, far above the current Exchange Cap of 3,794,121 shares. These conversion shares, issued as part of the merger with NOMAD Transportable Power Systems, would represent about 72.6% of pre-merger common shares and could give Series D holders roughly 73% of voting power.
If Proposal 1 is not approved within one year of issuance, the Series D preferred begins accruing a cumulative cash dividend of 7% per annum on its liquidation value until approval or redemption. Stockholders will also vote on increasing the 2020 Stock Incentive Plan reserve by 3,500,000 shares and electing two new directors, Chris McKay and Joaquin Aguerre. As of the July 6, 2026 record date, 18,970,609 common shares were outstanding, with 6,280,883 shares already committed to support the approval matters via Stockholder Support Agreements.
Nomad Power Solutions, Inc. reported a major upgrade to its Voyager mobile energy storage fleet, increasing standard usable capacity on the Voyager Eagle and Falcon to 2.025 MWh each and on the Voyager Hawk to 1.0 MWh. This delivers more than 50% additional energy per unit while keeping the trailer footprint, rated power output, and sub-one-hour deployment time unchanged, and will apply to all new Voyager units. The design uses prismatic lithium iron phosphate (LFP) packs from Octillion Power Systems to achieve higher energy density for data center and hyperscale customers who need more backup runtime without expanding site footprint.