Nexus Advanced Technologies Signs Exclusivity Deal for $500 Million Reverse Merger

NEW YORK, Oct. 06, 2026 /CourierPR/ -- Nexus Advanced Technologies Inc., a company pursuing strategic investments and partnerships in AI infrastructure and advanced technologies, has entered into an exclusivity agreement to negotiate a potential reverse merger with a U.S. defense technology company. The deal, if finalized, could be valued at approximately $500 million, subject to due diligence and negotiation of definitive transaction terms.

The identity of the U.S. defense technology company remains confidential for now. According to information provided by the company, it holds a license for weapons technology aimed at addressing counter-drone defense applications. Nexus is currently evaluating the technology, the scope of the license, and the company's commercialization prospects as part of its transaction review.

The U.S. defense technology company has received non-binding letters of intent relating to potential projects with an aggregate indicated value of approximately $7 billion. These letters of intent are preliminary and non-binding, and there can be no assurance that they will result in definitive agreements or completed projects.

If a transaction is completed on terms currently under discussion, the structure could involve a merger of the U.S. defense technology company with a subsidiary of Nexus, with the U.S. defense technology company’s shareholders acquiring a majority ownership interest in the combined company and a resulting change of control of Nexus. The final transaction structure, ownership percentages, financing arrangements, and other material terms remain subject to negotiation and are not yet determined.

Any transaction would be subject to, among other things, satisfactory completion of due diligence by each party, negotiation and execution of definitive agreements, receipt of applicable corporate and shareholder approvals, regulatory approvals, satisfaction of Nasdaq listing requirements, re-domiciliation of the Company as a US entity, and other customary closing conditions. There can be no assurance that a definitive agreement will be reached.

Forward-looking statements included in the press release are made within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on various assumptions and current expectations of Nexus Advanced Technologies Inc. and are not predictions of actual performance. Actual events and circumstances could differ materially from those in any forward-looking statements due to various risks and uncertainties.

Nexus Advanced Technologies Inc. filed its Annual Report on Form 20-F with the SEC on May 15, 2025, which includes risk factors and forward-looking statements. The company anticipates that subsequent events and developments may cause its assessments to change, but it specifically disclaims any obligation to update these forward-looking statements.