M&A
confidence high
sentiment neutral
materiality 0.65
Nexscient completes $2.6M acquisition of Flipside AI; target posts 2025 net loss
Nexscient, Inc.
- Acquired 100% of Crestview BPO (owner of Flipside AI) for $2,609,694: $600k cash, $450k convertible note, 6.52M restricted shares.
- Flipside AI 2025 revenue $2.48M, net loss $174,777; 2024 net income $18,998.
- Auditor raises substantial doubt about Flipside's ability to continue as going concern; current liabilities exceed current assets.
- Anthony De Luna appointed director and CTO of Nexscient; Flipside AI becomes indirect subsidiary.
- Issued additional 326,000 restricted shares as broker fee ($81,500).