TNGX (Nasdaq: TNGX) affiliate files Form 144 to sell 3.5M shares

Rhea-AI Filing Summary

TNGX affiliate filed a Form 144 reporting proposed sales of Common Stock. The notice lists three transactions by NEXTECH CROSSOVER I SCSP: 06/11/2026 500,000 shares for $15,018,000; 06/12/2026 500,000 shares for $14,870,050; and 06/15/2026 2,500,000 shares for $75,164,250.

The filing identifies these as Common Stock sales tied to prior private placements and lists broker-dealer information. The notice is procedural under Form 144 and reports the affiliate's intended dispositions on the stated dates.

Insights

Corporate Governance Analyst

Form 144 records an affiliate's planned resale totaling 3,500,000 shares.

The filing names NEXTECH CROSSOVER I SCSP as the selling affiliate and lists three dated transactions totaling $105,052,300 in gross proceeds across 06/11/2026–06/15/2026. Form 144 is a regulatory notice of intent to sell, not a confirmation of completed market trades.

The immediate dependency is execution by the affiliate and any applicable broker-dealer processes; cash-flow treatment and net proceeds after fees are not specified in the excerpt. Subsequent filings or broker reports would show completion details.

Key Figures

Shares reported (06/11/2026): 500,000 shares Shares reported (06/12/2026): 500,000 shares Shares reported (06/15/2026): 2,500,000 shares +4 more

7 metrics

Shares reported (06/11/2026) 500,000 shares sale date <date>06/11/2026</date>

Shares reported (06/12/2026) 500,000 shares sale date <date>06/12/2026</date>

Shares reported (06/15/2026) 2,500,000 shares sale date <date>06/15/2026</date>

Gross proceeds (06/11/2026) $15,018,000 proceeds listed for 500,000 shares

Gross proceeds (06/12/2026) $14,870,050 proceeds listed for 500,000 shares

Gross proceeds (06/15/2026) $75,164,250 proceeds listed for 2,500,000 shares

Aggregate gross proceeds shown $105,052,300 sum of the three dated entries

Key Terms

Form 144, Private Placement, Broker-dealer

3 terms

Form 144 regulatory

"The filing lists transactions and amounts under the heading '144: Securities Sold During The Past 3 Months'"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Private Placement financial

"Rows show 'Private Placement' with associated dates and issuer labeling"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

Broker-dealer market

"The excerpt shows 'Goldman Sachs & Co. LLC' as broker information for Common Stock entries"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	3766081	113359038	144647982	06/17/2026	Nasdaq Stock Market

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/11/2023	Private Placement	Issuer			2033980	08/11/2023	Cash
Common Stock	10/24/2025	Private Placement	Issuer			1732101	10/24/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
NEXTECH CROSSOVER I SCSP Bahnhofstrasse 18 Zurich V8 8001	Common Stock	06/11/2026	500000	15018000
NEXTECH CROSSOVER I SCSP Bahnhofstrasse 18 Zurich V8 8001	Common Stock	06/12/2026	500000	14870050
NEXTECH CROSSOVER I SCSP Bahnhofstrasse 18 Zurich V8 8001	Common Stock	06/15/2026	2500000	75164250

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does TNGX's Form 144 disclose?

It discloses a selling notice by an affiliate: 3,500,000 shares offered in three dated transactions on 06/11/2026, 06/12/2026, and 06/15/2026, with gross proceeds listed as $105,052,300 across those dates.

Who is the reported selling party in the TNGX filing?

The filing names NEXTECH CROSSOVER I SCSP as the selling affiliate. The notice lists that entity in each transaction row and ties the sales to Common Stock dispositions on the cited dates.

Do the Form 144 entries confirm the shares were sold?

Form 144 is a notice of proposed sales and lists intended sale dates and amounts. It does not itself confirm settlement; transaction completion would be shown in subsequent trade or broker records, not in this Form 144 excerpt.

How much gross value is shown for the TNGX sales?

The three transactions list gross values of $15,018,000, $14,870,050, and $75,164,250, which sum to $105,052,300 across the dated entries in the excerpt.

Are these sales tied to any placement or issuance?

The excerpt references prior Private Placement entries and labels the securities as Common Stock, indicating the reported shares relate to earlier placement activity; details of those placements are listed with dates in the excerpt.