secwatch.observer — SEC 8-K summary
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Issuer:     Nexscient, Inc. (NXNT)
CIK:        0001976663
Form:       8-K/A
Filed at:   2026-08-20T20:48:52+00:00
Accession:  0001477932-26-005190
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01, 2.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexscient completes $2.6M acquisition of Flipside AI; target posts 2025 net loss
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1976663/000147793226005190/0001477932-26-005190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1976663/000147793226005190/nexscient_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-005190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer