Nexus Advanced Technologies signs exclusivity for proposed $500 million reverse merger
NXAT•Nexus Advanced Technologies signed an exclusivity agreement to negotiate a reverse merger with a U.S. defense technology target, at an implied valuation of about $500 million, subject to due diligence and definitive terms.
1. Merger discussions
The target’s identity remains confidential, and it holds a weapons-technology license aimed at counter-drone defense applications. It cited non-binding letters of intent totaling about $7 billion in indicated project value, which are not confirmed orders or revenue. The proposed structure would give target shareholders majority ownership and trigger a change of control at Nexus.
