Nexus Advanced Technologies secures Anson consent for $2.00-floor ATM, commits 20% of proceeds to note repayment
NXAT•Nexus Advanced Technologies agreed with Anson funds to allow an at-the-market offering from the week of Sept. 28, 2026, through March 31, 2027, with sales barred below $2.00 per share. The company will repay Anson 20% of net cash proceeds from each settlement and amended warrants for cashless exchange into 4.5 million shares.
1. ATM and note terms
Nexus Advanced Technologies signed an agreement with Anson funds allowing an at-the-market offering from the week of Sept. 28, 2026, to March 31, 2027. Sales are barred below $2.00 per share, subject to customary commissions and transaction fees. Within three business days of each settlement, Nexus must wire Anson 20% of net cash proceeds to repay its note; payments apply first to accrued interest and late fees, then principal, and overdue amounts accrue 8% annual interest. Amended warrants permit cashless exchange into 4.5 million shares at a 0.5415 exchange ratio starting Sept. 25, 2026.
