Lixte Biotechnology entered into a secured promissory note to provide $6.5 million to NOMAD Transportable Power Systems in connection with their pending merger. Proceeds will repay NOMAD’s prior loan with BPCP Investment Holdings and fund working capital, with a first‑priority lien on substantially all NOMAD assets. The note matures in 30 days and automatically extends in 30‑day increments while the merger agreement remains in effect; at closing, the principal will offset merger consideration under Section 6.05. If the merger is terminated due to a Lixte breach, repayment is due within six months; if due to a NOMAD breach, repayment is due within three days.
Agreement details:
- Agreement type: Secured promissory note with first-priority lien
- Counterparty: NOMAD Transportable Power Systems
- Signed / Effective: Jun 17 2026 / same
- Duration / Termination: 30 days; automatic 30-day extensions while merger is in effect
- Reason: Fund NOMAD operations and repay debt pending merger closing
Original SEC Filing: LIXTE BIOTECHNOLOGY HOLDINGS, INC. [ LIXT ] – 8-K – Jun. 18, 2026
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