Nexus Advanced Technologies Announces Anson Note and Warrant Restructuring Agreement with Anson Funds
Key Highlights
- ➤$2.5 million payment fixes the remaining note’s conversion price at three-day average VWAP
- ➤Anson may exchange warrants covering 8,310,250 shares for 4.5 million shares
- ➤Warrant exchange provides no cash proceeds and dilutes existing shareholders
- ➤Anson consents to ATM offering with minimum public offering price of $2.00 per share
- ➤Agreement aims to simplify capital structure while supporting potential AI-sector acquisitions
Expert Statements
Myungjong Kim, Co-Chief Executive of Nexus Advanced Technologies
“Our objective is to make our capital structure more predictable as we pursue future financing and evaluate strategic acquisitions and other transactions”
Myungjong Kim, Co-Chief Executive of Nexus Advanced Technologies
“Completing the agreed payment and other requirements per the agreement will eliminate variable conversion pricing and anti-dilution adjustments from the remaining note, while completing the warrant exchange will retire the exchanged warrants and their adjustment provisions.”
NEW YORK and SEOUL, South Korea, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Nexus Advanced Technologies Inc. (Nasdaq: NXAT), formerly K Wave Media Ltd. (the “Company”), today announced that it has entered into an ATM Consent, Note Repayment and Warrant Exchange Agreement (the Note and Warrant Restructuring Agreement”), effective as of October 2, 2026, with Anson Investments Master Fund L.P. and Anson East Master Fund L.P. (collectively, the “Anson Funds”).
The Note and Warrant Restructuring Agreement is intended to simplify the Company’s capital structure and support future financing as management evaluates potential acquisitions, mergers and other strategic transactions across the AI ecosystem and advanced technologies. There can be no assurance that any transaction will be pursued or completed.
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