8-K
filed April 30, 2026, 7:59 PM ET
ticker NXTS
CIK 0001789192
other material
confidence high
sentiment neutral
materiality 0.55
Nexentis shareholders approve reverse stock split and discounted equity issuance at special meeting
Nexentis Technologies Inc.
- Reverse stock split (1-for-2 to 1-for-500) approved with 2,855,535 for, 272,430 against.
- Equity issuance proposal (up to 20% discount) approved: 2,230,497 for, 112,345 against (775,360 broker non-votes).
- Facility amendment with L.I.A. Pure Capital Ltd. approved: 1,789,433 for, 98,561 against, 466,614 abstain.
- Adjournment proposal approved with 2,949,940 for, 177,153 against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Nexentis Technologies Inc. shareholders approved Proposal No. 3 was to approve, for Nasdaq Marketplace Rule 5635(d) purposes, the potential issuance of shares of Common Stock upon exercise of warrants that may be issued under an amendment to the Company's facility agreement with L.I.A. Pure Capital Ltd. (the "Facility Amendment Proposal"). at the 2026-04-30 meeting.
- Outcome
- passed
- Meeting
- 2026-04-30
Exact text from the filing
Proposal #3. The Facility Amendment Proposal . Proposal No. 3 was to approve, for Nasdaq Marketplace Rule 5635(d) purposes, the potential issuance of shares of Common Stock upon exercise of warrants that may be issued under an amendment to the Company’s facility agreement with L.I.A. Pure Capital Ltd. (the “Facility Amendment Proposal”). The proposal was approved as follows: For Against Abstain Broker Non-Votes 1,789,433 98,561 466,614 775,360
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Nexentis Technologies Inc. shareholders approved Proposal No. 2 was to approve the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 20% below the market price of the Company's Common Stock, as required by and in accordance with Nasdaq Marke at the 2026-04-30 meeting.
- Outcome
- passed
- Meeting
- 2026-04-30
Exact text from the filing
Proposal #2. The Equity Issuance Proposal. Proposal No. 2 was to approve the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 20% below the market price of the Company’s Common Stock, as required by and in accordance with Nasdaq Marketplace Rule 5635(d) (the “Equity Issuance Proposal”). The proposal was approved as follows: For Against Abstain Broker Non-Votes 2,230,497 112,345 11,766 775,360
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Nexentis Technologies Inc. shareholders approved Proposal No. 4 was to approve the authorization of an adjournment of the Special Meeting to a later date or dates, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Reverse Stock Split Proposal, the Equity Issuance Proposal, or the Facility Amendment Propo at the 2026-04-30 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2026-04-30
Exact text from the filing
Proposal #4. The Adjournment Proposal. Proposal No. 4 was to approve the authorization of an adjournment of the Special Meeting to a later date or dates, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Reverse Stock Split Proposal, the Equity Issuance Proposal, or the Facility Amendment Proposal. The proposal was approved was approved as follows: For Against Abstain Broker Non-Votes 2,949,940 177,153 2,875 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Nexentis Technologies Inc. shareholders approved Proposal No. 1 was to approve an amendment to the Company's Articles of Incorporation, as amended (the "Reverse Split Amendment"), implementing one or more reverse stock splits of the issued and outstanding shares of the Company's Common Stock (the "Reverse Stock Split") at a ratio of not less than at the 2026-04-30 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2026-04-30
Exact text from the filing
Proposal #1. The Reverse Stock Split Proposal . Proposal No. 1 was to approve an amendment to the Company’s Articles of Incorporation, as amended (the “Reverse Split Amendment”), implementing one or more reverse stock splits of the issued and outstanding shares of the Company’s Common Stock (the “Reverse Stock Split”) at a ratio of not less than 1-for-2 and not more than 1-for-500 (the “Reverse Split Range”), and to grant the Company’s board of directors (the “Board”) the discretionary authority to determine the exact ratio of the Reverse Stock Split within the Reverse Split Range and by such number of increments, and to effect the Reverse Split Amendment at such times and dates, if at all, as to be determined by the Board in its sole discretion (the “Reverse Stock Split Proposal”). The proposal was approved as follows: For Against Abstain Broker Non-Votes 2,855,535 272,430 2,003 -
View on SEC.gov
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