Nexus Advanced Technologies Signs Confidential Exclusivity for Proposed $500 Million Reverse Merger
Key Highlights
- ➤Nexus (NXAT) signs exclusivity agreement for proposed reverse merger with $500 million-valued target
- ➤Target holds licensed counter-drone weapons technology under Nexus evaluation
- ➤Target has approximately $7 billion in preliminary, non-binding project LOIs
- ➤Target shareholders could gain majority ownership and control of combined company
- ➤Transaction remains subject to due diligence, definitive agreements, approvals and Nasdaq requirements
NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Nexus Advanced Technologies Inc. (Nasdaq: NXAT) (“Nexus” or the “Company”) today announced that it has signed an exclusivity agreement to negotiate a potential reverse merger with a U.S. defense technology company (the “Target”). The discussions are for a proposed valuation of approximately $500 million for the Target, subject to due diligence and negotiation of definitive transaction terms.
The Target’s identity is being withheld at this stage for confidentiality reasons. According to information provided by the Target, it holds a license for weapons technology intended to address counter-drone defense applications. Nexus is evaluating the technology, the scope of the license, and the Target’s commercialization prospects as part of its transaction review.
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