LIXTE to loan $6.5M to Nomad ahead of July acquisition close
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LIXTE Biotechnology Provides Update on NOMAD Acquisition; Transaction Expected to Close On or About July 1, 2026
June 18, 2026 8:30 AM EDTCompany to Loan $6.5 Million Prior to Closing to Fund Order Backlog and Working Capital Needs Combined Company to be Renamed NOMAD Power Solutions, Inc. and Trade Under a New Ticker Symbol
BOCA RATON, Fla. & WATERBURY, Vt., June 18, 2026 (GLOBE NEWSWIRE) -- LIXTE Biotechnology Holdings, Inc. (NASDAQ: LIXT) (LIXTE or the Company) today provided an update on its previously announced definitive agreement to acquire 100% of NOMAD Transportable Power Systems, Inc. (NOMAD), the market leader in deployable, utility-grade battery energy storage systems (BESS).
The Company expects the acquisition to... More
