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[8-K] Nexscient, Inc. Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Nexscient, Inc. has agreed to acquire 100% of Crestview BPO Pte. Ltd., which will own all of Flipside Digital Content Company, Inc., under a definitive stock purchase agreement dated January 13, 2026. The aggregate purchase price is $6,184,500, subject to customary working capital and debt adjustments.

Consideration includes $600,000 in cash at closing, with $200,000 held in escrow for indemnification, a $450,000 seller convertible promissory note convertible into Nexscient common stock at $0.75 per share with scheduled maturities over three years, and 6,846,000 restricted Nexscient common shares valued at $5,134,500. The agreement includes customary representations, warranties, covenants, indemnities and closing conditions, including regulatory approvals and completion of a pre-closing reorganization, and the transaction is expected to close once all conditions are satisfied or waived.

Positive

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Insights

Nexscient structures a largely equity-funded $6.18M acquisition with staged risk.

Nexscient is using a mix of cash, equity and a convertible note to buy full ownership of Crestview BPO and Flipside Digital. The total consideration of $6,184,500 is heavily weighted to stock, with 6,846,000 restricted shares valued at $5,134,500, while upfront cash is limited to $600,000, partly escrowed for indemnification.

The $450,000 seller convertible promissory note, convertible at $0.75 per share with maturities over three years, defers part of the cost and ties it to Nexscient’s equity. Customary closing conditions, including regulatory approvals and completion of a pre-closing reorganization, mean completion timing depends on satisfying or waiving these requirements.

The structure reduces immediate cash outlay and aligns sellers with future equity performance, but also relies on the market’s capacity to absorb additional restricted shares and any eventual conversion of the note. Subsequent disclosures after the closing date described in the agreement may clarify integration progress and any post-closing adjustments.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 13, 2026

 

NEXSCIENT, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-274532

 

92-2915192

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification ID No.)

 

2029 Century Park East, Suite 400

Los Angeles, CA 90067

(Address of principal executive offices)

(City, State, Zip Code) 

 

(310) 494-6620

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below).

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On January 13, 2026, Nexscient, Inc., a Delaware corporation (the “Company”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Arcadia Data Pte. Ltd., Crestview BPO Pte. Ltd., Flipside Digital Content Company, Inc., and the selling shareholders named therein, pursuant to which the Company agreed to acquire 100% of the issued and outstanding equity interests of Crestview BPO Pte. Ltd., which will own 100% of Flipside Digital Content Company, Inc. following a pre-closing reorganization.

 

The aggregate consideration is $6,184,500, subject to customary working capital and indebtedness adjustments, and consists of:

  

 

·

$600,000 in cash at closing, of which $200,000 will be held in escrow to secure indemnification obligations;

 

·

$450,000 seller convertible promissory note, convertible into the Company’s common stock, $0.001 par value per share (“Nexscient Common Stock”) at the conversion price of $0.75 per share, with scheduled maturities over three years; and

 

·

6,846,000 restricted shares of Nexscient Common Stock, valued at $5,134,500.

 

The Purchase Agreement contains customary representations, warranties, covenants, indemnification provisions, and closing conditions, including regulatory approvals and completion of the reorganization. The transaction is expected to close following satisfaction or waiver of all conditions.

 

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full agreement. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 7.01 Regulation FD Disclosure

 

On January 13, 2026, Nexscient, Inc. issued a press release announcing the execution of the definitive Stock Purchase Agreement described above. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information in this Current Report on Form 8-K (this “Report”) under Item 7.01 and Exhibit 99.1 attached hereto will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific referencing in such filing. The furnishing of the information in Item 7.01 of this Report and the press release is not intended to, and does not, constitute a determination or admission by the Company that such information is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

  

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No.

 

Description

 

 

10.1

Stock Purchase Agreement dated January 13, 2026

99.1

 

Press release dated January 14, 2026

104

Cover Page Interactive Data File (embedded within the XBRL document)

 

 
2

 

 

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 hereunto duly authorized.

 

NEXSCIENT, INC.

 

 

Date: January 14, 2026

By:

/s/ Fred E. Tannous

 

Fred E. Tannous

 

President & Chief Executive Officer

 

 

 
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Nexscient

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