Nex Neo Tech Inc. Enters $20,000 Convertible Loan Agreement

What Happened
Nex Neo Tech Inc. filed a Form 8-K on September 2, 2026, reporting that on August 28, 2026 it entered into a Loan Agreement and related Convertible Promissory Note Agreement with Zetoria LLC. The Investor agreed to loan the company up to $20,000 for working capital. As of the 8-K date, no funds have been advanced.

Key Details

• Loan commitment: up to $20,000 in one or more draws; each draw will be documented by amendment.
• Interest and term: advances bear 3% annual interest and mature one year from the date of each advance (unless converted or prepaid).
• Conversion: Investor may convert outstanding principal and accrued interest into common stock at a fixed price of $0.08 per share; full $20,000 would convert into 250,000 shares.
• Securities: The Note and any shares issuable on conversion are unregistered and were offered relying on private placement exemptions (Section 4(a)(2) and Rule 506(b)); the investor represented it is an accredited investor and any issued shares would be restricted under Rule 144.

Why It Matters
This agreement provides Nex Neo Tech with a small, flexible source of potential short-term working capital. For investors, the principal implications are (1) dilution risk if the note is drawn and converted (up to 250,000 shares if fully funded and converted) and (2) the company has not yet drawn any funds, so the commitment is available but not yet impacting the balance sheet or cash position. The note’s low interest rate and one-year maturity are favorable for near-term financing needs; however, converted shares would be restricted and subject to securities-law limitations.