Neve Yarak, Israel, June 29, 2026 (GLOBE NEWSWIRE) --
Nexentis Technologies
Inc. (NASDAQ: NXTS) (“Nexentis” or the “Company”), a drug discovery company that also invests in solar energy assets based on the RTB (Ready to Build) business model, today announced the signing of an Addendum to the Loan and Partnership Agreement, together with Solterra Renewable Energy Ltd. (“Solterra”) and the other lenders, for its Melz solar PV project in Germany.
The Addendum follows a share purchase agreement under which Solterra and its assets are being sold to Sunflower Sustainable Investments Ltd. As a result, Solterra is making early partial repayments of the loan. The Addendum, executed together with the other lenders, includes an early partial loan repayment and reduction of profit rights. The transaction reflects a total project valuation of $14.5 million, representing a significant premium to the Company’s initial investment.
The Company believes that this valuation demonstrates the substantial value created in the Melz project to date. The Addendum provides immediate liquidity while preserving meaningful upside potential through the remaining profit rights, with an option for a full exit based on an independent valuation upon achievement of Ready-to-Build (RTB) status.
The Melz project (approx. 111-115 MWp) continues to advance in its development phase.
In connection with the transaction, the group of lenders, in which Nexentis holds the majority share, provided a total commitment of approximately $2.95 million (of which Nexentis accounts for approximately $2.18 million) to bring the 115 MWp Melz project to RTB stage. Under the Addendum, Nexentis will receive an early repayment of approximately $147,000 (including accrued interest) on its portion of the loan, plus $98,000 for the sale of 10% of its profit rights (representing 2.5% of the project’s profits)) and an additional $22,000 as an option fee for the right to purchase the remaining profit rights at RTB based on an independent Big 4 valuation. The transaction reflects a total project valuation of $14.5 million ($120,000 per MW), representing a significant premium to the Company’s initial investment.
About
Nexentis
Technologies
Inc.
Nexentis Technologies Inc. (NASDAQ: NXTS) owns 100% of
MitoCareX
Bio
Ltd
, a drug discovery company engaged in targeting cancer and inflammatory metabolic disease indications through the mitochondrial SLC25 protein family. Additionally, Nexentis adopted an investment strategy focused on European renewable energy assets utilizing a
RTB
(Ready
to
Build)
business model. The Company is currently the lead investor in four solar projects across three European Union countries, all introduced by Solterra Renewable Energy Ltd., a wholly owned subsidiary of Solterra Energy Ltd.
For additional details, please visit
https://nexentistech.com/
Forward-looking
Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “may,” “will,” “should,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the expected benefits, economics and strategic rationale of the Melz project transaction and Addendum, including the implied project valuation, the Company’s expected receipt of any partial loan repayments, option fees or future proceeds, the potential purchase of remaining profit rights, the timing or achievement of Ready-to-Build (RTB) status, the continued development, size and value of the Melz project, the Company’s ability to preserve or realize additional upside from its remaining rights, the status and outcome of any negotiations relating to other renewable energy projects, and the Company’s broader renewable energy investment strategy. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to known and unknown risks, uncertainties and other factors that may cause Nexentis Technologies’ and its subsidiaries’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from those anticipated in these forward-looking statements include, among other things, the risk that the anticipated benefits or economics of the transaction are not realized on the expected timeline or at all; delays or failures in project development; the failure to achieve RTB status; valuation, appraisal or pricing differences, including with respect to any independent valuation; counterparty, closing, performance or credit risks; risks relating to the share purchase transaction involving Solterra and its assets; regulatory, permitting, grid connection, land use, construction, financing, market and other conditions affecting renewable energy projects; the Company’s ability to execute its renewable energy strategy; our history of losses and need for additional capital to fund operations; uncertainties of cash flows and inability to meet working capital needs; risks related to not satisfying the continued listing requirements of the Nasdaq Capital Market; and the impact of political, economic and security conditions in Israel and globally on our business. More information on these and other risks, uncertainties and other factors is included from time to time in the “Risk Factors” section of Nexentis Technologies’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2026 and other public reports filed with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.
Investor Relations Contact:
Michal Efraty
michal@efraty.com
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Nexentis Technologies Announces Addendum on Melz Solar Project Loan and Profit Rights, Reflecting $14.5 Million Project Valuation
Nexentis Technologies signed an agreement for early loan repayments on its Melz solar project due to asset sale.
Quiver AI Summary
Nexentis Technologies Inc. announced the signing of an Addendum to its Loan and Partnership Agreement with Solterra Renewable Energy Ltd. for the Melz solar PV project in Germany, coinciding with Solterra's sale to Sunflower Sustainable Investments Ltd. The Addendum allows for early partial loan repayments and profit rights reduction, reflecting a total project valuation of $14.5 million, which exceeds Nexentis' initial investment. The transaction offers immediate liquidity and preserves future profit potential linked to the project's progression towards Ready-to-Build (RTB) status. Nexentis holds a majority share among lenders, committing around $2.95 million to help advance the 115 MWp Melz project. Through this arrangement, Nexentis will receive an early repayment and compensation for a portion of its profit rights, highlighting the value generated in the project so far.
Potential Positives
Potential Negatives
FAQ
What is the recent agreement involving Nexentis Technologies and Solterra Renewable Energy?
Nexentis signed an Addendum to its Loan and Partnership Agreement with Solterra for the Melz solar PV project, facilitating early loan repayments.
What is the valuation of the Melz solar PV project?
The total project valuation of the Melz solar project is $14.5 million, representing a significant premium over Nexentis's initial investment.
What financial benefits will Nexentis receive from the Addendum?
Nexentis will receive early repayments totaling approximately $147,000, plus additional fees for profit rights and an option fee.
How does the Addendum affect Nexentis's profit rights?
The Addendum includes a 10% sale of Nexentis's profit rights, enabling immediate liquidity while preserving potential future profits.
What is Nexentis's focus in renewable energy investments?
Nexentis focuses on European renewable energy assets using a Ready to Build (RTB) business model, with multiple solar projects under management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NXTS Insider Trading Activity
$NXTS insiders have traded $NXTS stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
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$NXTS Hedge Fund Activity
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Here are some of the largest recent moves:
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Full Release
Neve Yarak, Israel, June 29, 2026 (GLOBE NEWSWIRE) -- Nexentis Technologies Inc. (NASDAQ: NXTS) (“Nexentis” or the “Company”), a drug discovery company that also invests in solar energy assets based on the RTB (Ready to Build) business model, today announced the signing of an Addendum to the Loan and Partnership Agreement, together with Solterra Renewable Energy Ltd. (“Solterra”) and the other lenders, for its Melz solar PV project in Germany.
The Addendum follows a share purchase agreement under which Solterra and its assets are being sold to Sunflower Sustainable Investments Ltd. As a result, Solterra is making early partial repayments of the loan. The Addendum, executed together with the other lenders, includes an early partial loan repayment and reduction of profit rights. The transaction reflects a total project valuation of $14.5 million, representing a significant premium to the Company’s initial investment.
The Company believes that this valuation demonstrates the substantial value created in the Melz project to date. The Addendum provides immediate liquidity while preserving meaningful upside potential through the remaining profit rights, with an option for a full exit based on an independent valuation upon achievement of Ready-to-Build (RTB) status.
The Melz project (approx. 111-115 MWp) continues to advance in its development phase.
In connection with the transaction, the group of lenders, in which Nexentis holds the majority share, provided a total commitment of approximately $2.95 million (of which Nexentis accounts for approximately $2.18 million) to bring the 115 MWp Melz project to RTB stage. Under the Addendum, Nexentis will receive an early repayment of approximately $147,000 (including accrued interest) on its portion of the loan, plus $98,000 for the sale of 10% of its profit rights (representing 2.5% of the project’s profits)) and an additional $22,000 as an option fee for the right to purchase the remaining profit rights at RTB based on an independent Big 4 valuation. The transaction reflects a total project valuation of $14.5 million ($120,000 per MW), representing a significant premium to the Company’s initial investment.
About Nexentis Technologies Inc.
Nexentis Technologies Inc. (NASDAQ: NXTS) owns 100% of MitoCareX Bio Ltd , a drug discovery company engaged in targeting cancer and inflammatory metabolic disease indications through the mitochondrial SLC25 protein family. Additionally, Nexentis adopted an investment strategy focused on European renewable energy assets utilizing a RTB (Ready to Build) business model. The Company is currently the lead investor in four solar projects across three European Union countries, all introduced by Solterra Renewable Energy Ltd., a wholly owned subsidiary of Solterra Energy Ltd.
For additional details, please visit https://nexentistech.com/
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “may,” “will,” “should,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the expected benefits, economics and strategic rationale of the Melz project transaction and Addendum, including the implied project valuation, the Company’s expected receipt of any partial loan repayments, option fees or future proceeds, the potential purchase of remaining profit rights, the timing or achievement of Ready-to-Build (RTB) status, the continued development, size and value of the Melz project, the Company’s ability to preserve or realize additional upside from its remaining rights, the status and outcome of any negotiations relating to other renewable energy projects, and the Company’s broader renewable energy investment strategy. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to known and unknown risks, uncertainties and other factors that may cause Nexentis Technologies’ and its subsidiaries’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from those anticipated in these forward-looking statements include, among other things, the risk that the anticipated benefits or economics of the transaction are not realized on the expected timeline or at all; delays or failures in project development; the failure to achieve RTB status; valuation, appraisal or pricing differences, including with respect to any independent valuation; counterparty, closing, performance or credit risks; risks relating to the share purchase transaction involving Solterra and its assets; regulatory, permitting, grid connection, land use, construction, financing, market and other conditions affecting renewable energy projects; the Company’s ability to execute its renewable energy strategy; our history of losses and need for additional capital to fund operations; uncertainties of cash flows and inability to meet working capital needs; risks related to not satisfying the continued listing requirements of the Nasdaq Capital Market; and the impact of political, economic and security conditions in Israel and globally on our business. More information on these and other risks, uncertainties and other factors is included from time to time in the “Risk Factors” section of Nexentis Technologies’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2026 and other public reports filed with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.
Investor Relations Contact:
Michal Efraty
michal@efraty.com
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