Nomad Power Solutions Enters $6M Secured Note Financing

What Happened Nomad Power Solutions, Inc. announced on September 28, 2026 that it entered a Note Purchase Agreement with an accredited investor to issue an Original Issue Discount secured promissory note. The note has a principal amount of $6.57 million (original issue discount of $540,000) and was sold for $6.0 million in gross proceeds. The note bears 9% annual interest, matures 12 months from the Purchase Price Date, and the Company agreed to pay $30,000 for fees and expenses. The financing was completed as a private placement under Section 4(a)(2) and/or Regulation D.

Key Details

• Transaction date: September 28, 2026; 8-K filed September 30, 2026.
• Note: $6.57M principal, $540K original issue discount, $6.0M proceeds, 9% interest, 12‑month maturity.
• Redemption right: Beginning on the 6‑month anniversary, the investor may require the Company to redeem up to $800,000 per calendar month with 2 trading days for the Company to pay in cash.
• Security and guaranty: The investor received a security interest in company collateral (including equity interests, equipment, receivables, contract rights and other assets), and the Company’s subsidiaries Lixte Biotechnology, Inc. and Liora Technologies Europe Ltd. guaranteed the obligations.

Why It Matters This transaction provides Nomad Power Solutions with immediate cash of $6.0M to support operations or near-term needs. However, the note is a secured, short‑term obligation (12 months) with significant investor protections: a security interest in many company assets and a monthly redemption right starting at month six that could accelerate cash outflows. Investors should note the financing increases the company’s near‑term debt burden and gives the investor priority claims on assets through the security and guaranty arrangements.