M&A
confidence high
sentiment positive
materiality 0.75
Nexscient closes $6.2M acquisition of Flipside AI; appoints Anthony De Luna as CTO
Nexscient, Inc.
- Closed $6.2M acquisition: $600K cash, $450K convertible note (convertible at $0.75/share), and 6.846M restricted shares.
- Appointed Anthony De Luna as CTO and director; receives $175K salary, 3% of net after-tax income bonus, and 500,000 performance stock units tied to market cap milestones.
- Flipside AI specializes in Physical AI data engineering (VLA models, LiDAR, sensor fusion); targets $124.8B AI robotics market by 2030.
- De Luna continues as CEO of Flipside AI; brings 30+ years experience from Innodata and Barnes & Noble.
- Acquisition originally announced Jan 13, 2026; closing completed April 1, 2026 after March 30 amendment.