debt
confidence high
sentiment neutral
materiality 0.60
Nomad Power raises $6M via 9% secured note with Streeterville; all assets pledged, subsidiaries guarantee
LIXTE BIOTECHNOLOGY HOLDINGS, INC.
- On Sept. 28, 2026, Nomad Power Solutions sold Streeterville Capital a $6.57M original-principal secured promissory note for $6.0M gross proceeds; OID was $540,000 and transaction fees $30,000.
- Note matures 12 months from Purchase Price Date and pays 9% annual interest; after 6 months, Streeterville can redeem up to $800,000 monthly, with cash payment due within 2 trading days.
- Security Agreement grants Streeterville a lien on all Company assets, including equity interests, equipment, receivables and contract rights.
- Subsidiaries Lixte Biotechnology, Nomad Transportable Power Systems, and Liora Technologies Europe Ltd. guaranteed the debt under a Guaranty Agreement.
- Covenants bar restricted issuances like variable-rate debt, convertible securities, equity lines and new liens without Investor consent; most-favored-nation applies.