Nexscient, Inc. Files 8-K: Other Events & Financials
Ticker: NXNT · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1976663
| Field | Detail |
|---|---|
| Company | Nexscient, Inc. (NXNT) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $47,500, $0.001, $3,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, filing, financials
TL;DR
Nexscient filed an 8-K on Feb 5, 2025 for 'Other Events' and financials. Details TBD.
AI Summary
Nexscient, Inc. filed an 8-K on February 5, 2025, reporting "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific details about the nature of these events or financial statements, only that they were reported on this date.
Why It Matters
This 8-K filing indicates Nexscient, Inc. has reported significant events or financial updates to the SEC, which could impact investors' understanding of the company's current status.
Risk Assessment
Risk Level: medium — The filing is an 8-K, which typically contains material information, but the lack of specific details in this summary makes it difficult to assess the immediate impact.
Key Players & Entities
- Nexscient, Inc. (company) — Registrant
- February 5, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 2029 Century Park East, Suite 400 Los Angeles, CA 90067 (address) — Principal executive offices
FAQ
What specific "Other Events" are being reported by Nexscient, Inc. in this 8-K filing?
The provided text does not specify the nature of the "Other Events" reported by Nexscient, Inc. on February 5, 2025.
What financial statements or exhibits are included with this 8-K filing?
The filing indicates that "Financial Statements and Exhibits" are part of this 8-K, but the specific content is not detailed in the provided text.
What is Nexscient, Inc.'s principal executive office address?
Nexscient, Inc.'s principal executive offices are located at 2029 Century Park East, Suite 400, Los Angeles, CA 90067.
When was Nexscient, Inc. incorporated?
Nexscient, Inc. was incorporated in Delaware.
What is the IRS Employer Identification ID Number for Nexscient, Inc.?
The IRS Employer Identification ID Number for Nexscient, Inc. is 92-2915192.
Filing Stats: 739 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2025-02-05 17:09:04
Key Financial Figures
- $47,500 — se Price of the Application consists of $47,500 in cash plus the issuance of 350,000 sh
- $0.001 — 000 shares of Nexscient's common stock, $0.001 per share, par value. Completion of th
- $3,500 — ces at a retainer rate of not less than $3,500 per month for a minimum period of six m
Filing Documents
- nexscient_8k.htm (8-K) — 23KB
- nexscient_ex991.htm (EX-99.1) — 11KB
- 0001477932-25-000732.txt ( ) — 153KB
- nexscient-20250205.xsd (EX-101.SCH) — 6KB
- nexscient-20250205_lab.xml (EX-101.LAB) — 13KB
- nexscient-20250205_cal.xml (EX-101.CAL) — 1KB
- nexscient-20250205_pre.xml (EX-101.PRE) — 8KB
- nexscient-20250205_def.xml (EX-101.DEF) — 2KB
- nexscient_8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events On February 5, 2025, Nexscient, Inc. ("the Company") issued a press release announcing that it had entered into a non-binding letter of intent (the "LOI") with i2 Analytics, Inc. (the "Seller") pursuant to which the parties agreed to proceed reasonably and in good faith toward the negotiation and execution of definitive documentation regarding the acquisition by Nexscient of the AI Media Toolkit software application (the "Application"). The Purchase Price of the Application consists of $47,500 in cash plus the issuance of 350,000 shares of Nexscient's common stock, $0.001 per share, par value. Completion of the transaction is subject to standard due diligence, negotiation and execution of definitive documentation, receipt of necessary board approval, and any third-party consents. Pursuant to the terms of the LOI, the definitive agreement is expected to provide for, among other things, the Company entering into a Software Support Agreement with the Seller for support services at a retainer rate of not less than $3,500 per month for a minimum period of six months. The LOI contains standard representations, warranties, covenants, and conditions as well as mutual confidentiality and exclusivity provisions. Pursuant to the terms of the LOI, if a definitive agreement is not executed by the parties to the LOI on or before February 28, 2025, the terms of the LOI would terminate, with the exception of certain specified provisions. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in the Report under Item 8.01 and Exhibit 99.1 attached hereto will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set fort
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits . Exhibit No. Description 99.1 Press release dated February 5, 2025 104 Cover Page Interactive Data File (embedded within the XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEXSCIENT, INC. Date: February 5, 2024 By: /s/ Fred E. Tannous Fred E. Tannous President & Chief Executive Officer 3