Nexera's $600K Convertible Note Carries 88% VWAP Discount and 448K Warrants
NEXR sits 16% above its 52-week low of $1.375 on light trading volume (0.2× avg).
Summary
Nexera issued a $600K convertible note with a variable conversion price as low as $0.284 per share, plus a 448,359-share warrant, and amended its Scanary distribution agreement to reduce exclusivity consideration from $1.0M to $600K.
Updates
· SEC F-3 — Nexera filed an F-3 to register resale of up to 3,521,337 shares underlying the $600K Sixth Promissory Note, 448,359 Note Warrant shares, and 960,301 additional Series A Warrant shares.
Key Events · Financing and Capital Events · NEXR
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Sixth Convertible Note Issued
Issued $600,000 principal convertible note to L.I.A. Pure Capital Ltd. for $540,000 cash (90% of principal), maturing in 28 months with 4% interest (14% on default).
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Aggressive Conversion Terms
Holder can convert at the lower of $1.420 fixed price or 88% of the lowest VWAP over 20 trading days, with a $0.284 floor price — an 82% discount to today's $1.60 share price.
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Warrant for 448,359 Shares
Issued a 66-month warrant to purchase 448,359 ordinary shares at $1.420 per share, representing 100% of the maximum shares issuable upon note conversion.
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Non-Recourse Structure
The note is non-recourse; the holder's sole remedy for non-payment is conversion or warrant exercise, which incentivizes conversion regardless of share price.
Analysis · NEXR · Trade & Services
The company raised $540,000 in cash through a convertible note with aggressive conversion terms — the holder can convert at 88% of the lowest VWAP over 20 days, with a floor of $0.284 per share. At today's $1.60 price, that floor represents an 82% discount to market, creating substantial potential dilution if the holder converts. The note is non-recourse, meaning the holder's only remedy is conversion or warrant exercise, which incentivizes conversion even if the stock falls. The warrant adds another 448,359 shares at $1.420. Separately, the Scanary distribution agreement amendment reduces exclusivity consideration from $1.0M to $600K and converts exclusive rights to non-exclusive, weakening KeepZone's distribution position but eliminating a $400K liability.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEXR was trading at $1.60 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $864.1K. The 52-week trading range was $1.37 to $847.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.