Lixte issues $6.5M secured note to NOMAD for pending merger

LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Issued $6.5M secured promissory note to NOMAD in connection with pending merger.
Proceeds to repay NOMAD's existing debt and for working capital.
Note matures 30 days, extends automatically while merger agreement in effect; upon merger close, note offset against merger consideration.
If merger terminated due to Company breach, note repayable in 6 months; if NOMAD breach, due in 3 days.
Press release provides update on NOMAD acquisition; transaction expected to close shortly.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LIXTE BIOTECHNOLOGY HOLDINGS, INC. entered into Secured Promissory Note with NOMAD Transportable Power Systems, Inc. valued at $6,500,000 (effective 2026-06-17).

Action: entry
Agreement: notes offering
Counterparty: NOMAD Transportable Power Systems, Inc.
Value: $6,500,000
Effective: 2026-06-17

Exact text from the filing

On June 17, 2026, in connection with the transactions contemplated by the Merger Agreement, the Company issued a Secured Promissory Note in the aggregate principal amount of $6,500,000 (the “ Note ”) to NOMAD. The proceeds of the Note will be used (i) to repay in full NOMAD’s outstanding obligations under that certain Loan and Security Agreement, dated as of February 12, 2024, between NOMAD and BPCP Investment Holdings, LP, as successor in interest to Bay Point Capital Partners II, LP, with such portion of the proceeds being disbursed by the Company directly to BPCP Investment Holdings, LP on behalf of NOMAD, and (ii) for working capital and general corporate purposes of NOMAD.

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Source: SEC EDGAR

accession 0001493152-26-029308

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