NOCOPI TECHNOLOGIES INC/MD/ (NNUP): M&A transaction — Nocopi acquires Polymeric assets for $2.65M; appoints Gregory Babe as Executive Director of Operations

NOCOPI TECHNOLOGIES INC/MD/

Purchase price of $2.65M: $1.75M cash at close, $0.75M in equity (500k shares at $1.50), $0.15M holdback.
Polymeric generated over $5M revenue (TTM Mar 31, 2026) with historically attractive pre-tax margins; acquisition more than triples Nocopi's revenue base.
Gregory Babe, former Bayer CEO, appointed Executive Director of Operations; he and Horizon Kinetics affiliate each invest $200k (133,334 shares at $1.50) in private placement.
Acquisition expected to be accretive within year; Polymeric adds 25,000 sq ft facility in Kansas City and nearly 20 staff.
Top 10 Polymeric customers average relationship tenure >5 years; top five customers <25% of total revenue.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NOCOPI TECHNOLOGIES INC/MD/ completed an acquisition involving Polymeric U.S., Inc. for $2,650,000 (closed 2026-05-18).

Action: acquisition
Counterparty: Polymeric U.S., Inc.
Consideration: $2,650,000
Closing: 2026-05-18

Exact text from the filing

contemplated thereby (the “ Closing ”) occurred simultaneously on May 18, 2026 (the “ Closing Date ”). Pursuant to the Asset Purchase Agreement, the aggregate consideration was $2,650,000 (the “ Purchase Price ”), which consisted of (a) $1,900,000 in cash (the “ Cash Consideration ”), subject to customary working capital adjustments and other reductions described

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NOCOPI TECHNOLOGIES INC/MD/ entered into Stock Purchase Agreements with various institutional investors valued at $400,000 (effective 2026-05-18).

Action: entry
Agreement: equity purchase
Counterparty: various institutional investors
Value: $400,000
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, the Company entered into Stock Purchase Agreements (the “ Stock Purchase Agreements ”), by and between the Company and various institutional investors (the “ Investors ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NOCOPI TECHNOLOGIES INC/MD/ entered into Asset Purchase Agreement with Polymeric Nocopi LLC, Polymeric U.S., Inc., Savara Capital valued at $2,650,000 (effective 2026-05-18).

Action: entry
Agreement: asset purchase
Counterparty: Polymeric Nocopi LLC, Polymeric U.S., Inc., Savara Capital
Value: $2,650,000
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Nocopi Technologies, Inc., a Maryland corporation (the “ Company ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement ”) with Polymeric Nocopi LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“ Purchaser ”), Polymeric U.S., Inc., a Missouri corporation (the “ Seller ”) and Savara Capital, a Mauritius limited company and the sole shareholder of the Seller (“ Owner ”)

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Source: SEC EDGAR

accession 0001079973-26-000713

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