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Nexera agrees to sell KeepZone AI for up to $6 million and announces 1-for-5 reverse split

Nexera Technologies entered a definitive agreement to sell all of its equity interest in KeepZone AI Inc. for $1 million in acquiror securities at closing plus an earn-out of up to $5 million, for total consideration of up to $6 million. The earn-out equals 50% of KeepZone's positive cumulative after-tax net profit over the 24 months after closing, and closing remains subject to regulatory, Nasdaq and third-party consent conditions. Nexera also announced a 1-for-5 reverse share split effective November 6, 2026.

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Company updateOfficial company source

Nexera to Sell KeepZone AI for Up to $6 Million

Nexera Technologies entered into a definitive agreement to sell all of its equity interest in KeepZone AI to an unnamed global aerospace and defense company for $1 million in acquirer securities at closing, plus an earn-out of up to $5 million in cash based on 50% of KeepZone's positive cumulative after-tax net profit over the 24 months following closing. The total potential consideration is up to $6 million. The transaction is structured on a cash-free, debt-free basis and remains subject to regulatory and Nasd...

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Company newsOfficial company source

Logia USA Signs Exclusive Distribution Agreement with SVL for Fuel Maintenance Solutions in U.S. Data Centers

Nexera Technologies Ltd, through its subsidiary Fort Technology Inc.'s majority-owned subsidiary Logia USA Inc., entered into an exclusive Commercial Distributorship Agreement with Schwab Vollhaber Lubratt, Inc. (SVL) of Roseville, Minnesota. The agreement grants SVL exclusive rights to purchase and resell Logia USA's automated fuel maintenance systems in defined Midwest U.S. territories, including North Dakota, Minnesota, Wisconsin, Iowa, the Upper Peninsula of Michigan, and specified Illinois counties. The agr...

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