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NXTS-News
NXTS-Events
Nexentis Technologies Inc Trading Halted, News Pending
Nexentis Technologies Inc trading halted, news pending
Nexentis Technologies Appoints Prof. Dan Major to MitoCareX Bio Scientific Advisory Board
Nexentis Technologies announced that Prof. Dan Major has joined the Scientific Advisory Board of its wholly owned subsidiary, MitoCareX Bio.
Selling Stockholders Plan to Sell 2.57M Shares of Common Stock
This filing relates to the offer and sale from time to time by the selling stockholders of up to 2.57M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.
Nexentis Signs Loan Addendum with Solterra, Project Valuation at $14.5M
Nexentis Technologies announced the signing of an addendum to the loan and partnership agreement, together with Solterra Renewable Energy and the other lenders, for its Melz solar PV project in Germany. The addendum follows a share purchase agreement under which Solterra and its assets are being sold to Sunflower Sustainable Investments. As a result, Solterra is making early partial repayments of the loan. The addendum, executed together with the other lenders, includes an early partial loan repayment and reduction of profit rights. The transaction reflects a total project valuation of $14.5M, representing a significant premium to the company's initial investment. The company believes that this valuation demonstrates the substantial value created in the Melz project to date. The addendum provides immediate liquidity while preserving meaningful upside potential through the remaining profit rights, with an option for a full exit based on an independent valuation upon achievement of ready-to-build status. The Melz project continues to advance in its development phase. In connection with the transaction, the group of lenders, in which Nexentis holds the majority share, provided a total commitment of approximately $2.95M to bring the 115 MWp Melz project to RTB stage. Under the Addendum, Nexentis will receive an early repayment of approximately $147,000 on its portion of the loan, plus $98,000 for the sale of 10% of its profit rights and an additional $22,000 as an option fee for the right to purchase the remaining profit rights at RTB based on an independent Big 4 valuation. The transaction reflects a total project valuation of $14.5M, representing a significant premium to the company's initial investment.
Nexentis Technologies Inc Trading Halted Due to Volatility Trading Pause
Nexentis Technologies Inc trading halted, volatility trading pause
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