Current Report · Items 1.01, 3.02, 9.01 · 8-K
NOMAD POWER SOLUTIONS, INC.
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On September 28, 2026, Nomad Power Solutions, Inc., (the “Company”), entered into a Note Purchase Agreement (the “Purchase Agreement”) with an Accredited Investor (the “Investor”), pursuant to which the Company agreed to issue and sell in a private placement an aggregate principal amount of $6.57 million Original Issue Discount Secured Promisso…
Filed Sep 30, 2026Accepted Sep 30, 2026, 4:06 PM EDTCIK 1335105Accession 0001493152-26-045104
Company context
We are a clinical-stage biopharmaceutical company focused on identifying new targets for cancer drug development and developing and commercializing cancer therapies. Our product pipeline is primarily focused on inhibitors of protein phosphatase 2A, which are used to enhance cytotoxic agents, radiation, immune checkpoint blockers and other cancer therapies. We believe that inhibitors of protein phosphatases have significant therapeutic potential for a broad range of cancers. We are focusing on the clinical development of a specific protein phosphatase inhibitor, referred to as LB-100, which has been shown to have clinical anti-cancer activity.
Historical securities (2)
Registered securities in this filing
NOMAD POWER SOLUTIONS, INC. · 8-K · Filed 2026-09-30
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, par value $0.0001 per share
- Symbol
- NMAD
- Exchange
- NASDAQ
- Classification
- COMMON
Filing context
Context: AsOf2026-09-28
Dimensions: Not supplied
Accession 000149315226045104 · 1 registered-security cover member
Read the exact SEC filing ↗Disclosure sections
Items 1.01, 3.02, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
September 28, 2026, Nomad Power Solutions, Inc., (the “Company”), entered into a Note Purchase Agreement (the “Purchase
Agreement”) with an Accredited Investor (the “Investor”), pursuant to which the Company agreed to issue and sell in
a private placement an aggregate principal amount of $6.57 million Original Issue Discount Secured Promissory Note (the “Note”)
for aggregate gross proceeds of $6.0 million. The Note carries an original issue discount of 540,000. In addition, the Company agreed
to pay $30,000 to cover fees and expenses. The maturity date of the Note is 12 months from the Purchase Price Date (as defined in the
Note) and has an interest rate of nine percent (9%) per year until the Note is paid in full.
Beginning
on the 6-month anniversary of the Purchase Price Date, the Purchaser has the right, exercisable at any time in its sole and absolute
discretion, to redeem up to $800,000 per calendar month by providing written notice to the Company. The Company will have 2 trading days
to pay the redemption amount in cash.
In
connection with the Purchase Agreement, the Company and the Investor entered into a Security Agreement (the “Security Agreement”).
Pursuant to the terms of the Security Agreement, the Investor is granted a security interest in the Collateral (as defined in the Security
Agreement). The Collateral includes, among other things, all equity interests of the Company, all goods and equipment owned by the Company,
all accounts receivable, contract rights, and all other assets, goods and personal property of the Company.
Additionally,
the Investor, the Company, and the Company’s wholly owned subsidiaries Lixte Biotechnolgy, Inc. (“Lixte”), and Liora Technologies Europe Ltd., (“Liora,” collectively,
the Company, Lixte, and
Liora, the “Guarantors”, and each individually, a “Guarantor”), entered into a Guaranty Agreement (the “Guaranty
Agreement”) for the benefit of the Investor. Pursuant to the Guaranty Agreement, the Guarantors guarantee the indebtedness, liabilities
and obligations of the Company to the Investor.
The
issuance of the Note pursuant to the Purchase Agreement was made pursuant to the exemption from the registration requirements under the
Securities Act available to the Company under Section 4(a)(2) and/or Regulation D promulgated thereunder due to the fact the offering
of the Note did not involve a public offering of securities.
The
foregoing description of the Purchase Agreement, the Note, the Security Agreement and the Guaranty do not purport to be complete and
are qualified in their entirety by reference to the full text of the Purchase Agreement, the Note, the Security Agreement and the Guaranty
Agreement, copies of which are filed as Exhibit 10.1, Exhibit 4.1, Exhibit 10.2 and Exhibit 10.3, respectively to this Current Report
on Form 8-K and are incorporated herein by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
information set forth under Item 1.01 of this Current Report on Form 8-K regarding the issuance of the Note is incorporated herein by
reference.
The
Company offered and sold the Note in reliance upon exemptions from the registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”), including Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. The issuance
of the Note did not involve a public offering, and the Investor acquired the Note for investment purposes and not with a view toward
distribution.
Filed exhibits (1)
EX-4.1 (by filename) ex4-1.htmExhibit
4.1
SECURED
PROMISSORY NOTE
September 28, 2026 U.S. $6,570,000.00
FOR
VALUE RECEIVED, Nomad Power Solutions, Inc., a Delaware corporation (“ Borrower ”),
hereby unconditionally promises to pay to Streeterville Capital, LLC, a Utah limited liability
company, or its successors or assigns (“ Lender ”), $6,570,000.00 and any interest, fees, charges, and late fees accrued
hereunder on the date that is twelve (12) months after the Purchase Price Date (the “ Maturity Date ”) in accordance
with the terms set forth herein and to pay interest on the Outstanding Balance at the rate of nine percent (9%) per annum from the Purchase
Price Date until the same is paid in full. All interest calculations hereunder shall be computed on the basis of a 360-day year comprised
of twelve (12) thirty (30) day months, shall compound daily and shall be payable in accordance with the terms of this Note. This Secured
Promissory Note (this “ Note ”) is issued and made effective as of the date set forth above (the “ Effective
Date ”). This Note is issued pursuant to that certain Note Purchase Agreement dated September 28, 2026 by and between Borrower
and Lender (the “ Purchase Agreement ”). Cer…
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