Nexus Advanced Technologies Inc. (NXAT) agreed with Anson Investments Master Fund L.P. and Anson East Master Fund L.P. on ATM sales, note payments and warrant exchanges. ATM sales are permitted from the week of September 28, 2026 through March 31, 2027, at no less than $2.00 per ordinary share. Within three business days after each settlement, the company must pay the Holder 20% of net cash proceeds after commissions and documented expenses, applied first to accrued interest and late fees, then principal.
The Holder may exchange all or part of warrants exercisable for 8,310,250 ordinary shares at $1.90 per share for a total of 4,500,000 ordinary shares at a 0.5415 exchange ratio. No cash consideration is payable; the company says issuance will dilute existing shareholders. A 15% of daily composite trading volume limit applies to Holder sales of Exchange Shares and Note conversion shares. If the company pays $2,500,000 in full, the remaining Note converts only at a fixed price based on the preceding three trading days’ average VWAP, and its anti-dilution, price-reset and ratchet provisions end.
Nexus Advanced Technologies Inc. (NXAT) dismissed Samil PricewaterhouseCoopers as its independent registered public accounting firm effective September 21, 2026, and appointed HTL International, LLC as successor auditor effective October 1, 2026. Nexus stated it had not consulted HTL during its most recent two fiscal years and the subsequent interim period about specified accounting treatments, potential audit opinions, disagreements or reportable events. Samil PricewaterhouseCoopers’ letter to the SEC is included as an exhibit.