---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-000713"
form_type: "8-K"
ticker: "NNUP"
cik: "0000888981"
company_name: "NOCOPI TECHNOLOGIES INC/MD/"
filed_at: "2026-05-21T11:05:14+00:00"
generated_at: "2026-05-21T11:13:15.459819+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nocopi acquires Polymeric assets for $2.65M; appoints Gregory Babe as Executive Director of Operations

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-26-000713
- form_type: 8-K
- ticker: NNUP
- cik: 0000888981
- company_name: NOCOPI TECHNOLOGIES INC/MD/
- filed_at: 2026-05-21T11:05:14+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/888981/000107997326000713/0001079973-26-000713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/888981/000107997326000713/nnup_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-000713
- JSON: https://secwatch.observer/filing/0001079973-26-000713.json
- Plain text: https://secwatch.observer/filing/0001079973-26-000713.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/888981/000107997326000713/0001079973-26-000713-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/888981/000107997326000713/0001079973-26-000713-index.htm
- Material Agreements
  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
  source text: 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 ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/888981/000107997326000713/0001079973-26-000713-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.