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AI brief of an SEC Form 8-K · NOMAD POWER SOLUTIONS, INC. (NMAD)

Nomad Power Solutions sells $6.57 million secured note in private placement

Negative Impact 3 of 5 financing Written later

Nomad Power Solutions entered a Note Purchase Agreement on September 28, 2026, issuing a $6.57 million original issue discount secured promissory note for $6.0 million in gross proceeds. The note matures 12 months after funding, carries 9% annual interest, and is secured by company assets including equity interests, equipment, and receivables, with subsidiaries Lixte and Liora guaranteeing the debt, which may dilute or pressure shareholders' claim priority.

Key points

  • Gross proceeds of $6.0 million; original issue discount of $540,000 plus $30,000 in fees and expenses
  • Note matures 12 months from the Purchase Price Date and bears 9% annual interest
  • From the 6-month anniversary, the investor may redeem up to $800,000 per calendar month in cash, with 2 trading days to pay
  • Collateral includes all company equity interests, goods and equipment, accounts receivable, and contract rights; subsidiaries Lixte and Liora guarantee the debt

The filing

CompanyNOMAD POWER SOLUTIONS, INC. (NMAD)
Form8-K, current report
Filed with the SECSep 30, 2026, 4:06 PM ET
Accession number0001493152-26-045104

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.