{"success":true,"data":{"pressRelease":{"id":"160329","rtpr_id":"nGNX7W6gkc-20261005","ticker":"NXAT","exchange":"NASDAQ","all_tickers":["NXAT"],"title":"Nexus Advanced Technologies Announces Anson Note and Warrant Restructuring Agreement with Anson Funds","author":"Globe Newswire","published_at":"2026-10-05T11:30:00.264Z","article_body":"NEW YORK and SEOUL, South Korea, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Nexus\nAdvanced Technologies Inc\n(https://www.globenewswire.com/Tracker?data=MdzF2VDbAyJjE1KAdW8BeBK_K1zAl5DTz8WiDAr5Mt4saIABoN3SsDoQ51rgm0mnmaFne0UL7eM9sXNsUHjGuodsuN1I7ZTv7TJzjYccbglzBNpxr9ipMd_clDqsCivA1XTgR2mEwmrVrlrJWBpBMQ==).\n(Nasdaq: NXAT), formerly K Wave Media Ltd. (the “Company”), today\nannounced that it has entered into an ATM Consent, Note Repayment and Warrant\nExchange Agreement (the Note and Warrant Restructuring Agreement”),\neffective as of October 2, 2026, with Anson Investments Master Fund L.P. and\nAnson East Master Fund L.P. (collectively, the “Anson Funds”).\n\nThe Note and Warrant Restructuring Agreement is intended to simplify the\nCompany’s capital structure and support future financing as management\nevaluates potential acquisitions, mergers and other strategic transactions\nacross the AI ecosystem and advanced technologies. There can be no assurance\nthat any transaction will be pursued or completed.\n\nUnder the Note and Warrant Restructuring Agreement, i) full payment of $2.5\nmillion will make the remaining note convertible solely at a fixed price equal\nto the average daily VWAP for the three trading days immediately preceding\nfull payment, with its anti-dilution, price-reset and similar adjustment\nprovisions ceasing to apply. ii) Anson may, at its discretion, exchange\nwarrants covering 8,310,250 ordinary shares for an aggregate of 4.5 million\nordinary shares, subject to ownership limits and specified adjustments;\ndelivery of the corresponding exchange shares cancels the exchanged warrants,\nand completion of the full exchange eliminates their anti-dilution and\nprice-adjustment provisions. The cashless exchange provides no cash proceeds\nto the Company and will dilute existing shareholders. iii) Anson has also\nconsented to an ATM offering during the agreed consent period at a minimum\npublic offering price of $2.00 per ordinary share. Existing adjustment\nprovisions continue until the applicable payment or exchange milestone is\ncompleted, and other note terms and specified financing restrictions,\nparticipation rights, repayment rights and security arrangements remain in\neffect except as expressly amended or waived.\n\n“Our objective is to make our capital structure more predictable as we\npursue future financing and evaluate strategic acquisitions and other\ntransactions,” said Myungjong Kim, Co-Chief Executive. “Completing the\nagreed payment and other requirements per the agreement will eliminate\nvariable conversion pricing and anti-dilution adjustments from the remaining\nnote, while completing the warrant exchange will retire the exchanged warrants\nand their adjustment provisions.”\n\nThe Company will furnish the Note and Warrant Restructuring Agreement and this\nrelease to the Securities and Exchange Commission on Form 6-K. Investors\nshould review the Note and Warrant Restructuring Agreement for the complete\nterms, conditions and continuing obligations.\n\nAbout Nexus Advanced Technologies\nNexus Advanced Technologies Inc. (Nasdaq: NXAT) pursues strategic investments,\nacquisitions and partnerships across AI infrastructure and advanced\ntechnologies, including data centers, AI compute and GPU infrastructure.\n\nForward Looking Statements\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. Forward-looking statements\ninclude, but are not limited to, statements regarding the ATM offering, the\napplication of ATM proceeds, the repayment and conversion of the Note, the\nexchange of warrants for ordinary shares, the Company’s capital structure\nand financial flexibility, and the Company’s evaluation of potential\nstrategic transactions.\n\nThese forward-looking statements are based on management’s current\nexpectations, assumptions and estimates and are subject to a number of risks\nand uncertainties that could cause actual results to differ materially from\nthose anticipated, including: general market and economic conditions; the\nCompany’s ability to conduct the ATM offering on anticipated terms or at\nall; the Company’s ability to make the required payments under the\nAgreement; the timing and amount of any warrant exchanges; the Company’s\nability to identify, negotiate and consummate any strategic transaction; and\nthe risks and uncertainties described in the Company’s most recent Annual\nReport on Form 20-F and subsequent filings with the U.S. Securities and\nExchange Commission.\n\nThe Company can provide no assurance that it will enter into or consummate any\nstrategic transaction, or that any such transaction, if completed, will\nachieve its intended benefits.\n\nAll forward-looking statements speak only as of the date of this press release\nand are qualified in their entirety by reference to the factors discussed in\nthe Company’s filings with the SEC. The Company undertakes no obligation to\nupdate or revise any forward-looking statement, whether as a result of new\ninformation, future events or otherwise, except as required by law.\n\nMedia Contact:\nInvestor Relations: info@kwavemedia.com\nPublic Relations: info@redroosterpr.com\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7W6gkc-20261005","title":"Nexus Advanced Technologies Announces Anson Note and Warrant Restructuring Agreement with Anson Funds","author":"Globe Newswire","ticker":"NXAT","created":"2026-10-05T11:30:00.264Z","tickers":["NXAT"],"exchange":"NASDAQ","article_body":"NEW YORK and SEOUL, South Korea, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Nexus\nAdvanced Technologies Inc\n(https://www.globenewswire.com/Tracker?data=MdzF2VDbAyJjE1KAdW8BeBK_K1zAl5DTz8WiDAr5Mt4saIABoN3SsDoQ51rgm0mnmaFne0UL7eM9sXNsUHjGuodsuN1I7ZTv7TJzjYccbglzBNpxr9ipMd_clDqsCivA1XTgR2mEwmrVrlrJWBpBMQ==).\n(Nasdaq: NXAT), formerly K Wave Media Ltd. (the “Company”), today\nannounced that it has entered into an ATM Consent, Note Repayment and Warrant\nExchange Agreement (the Note and Warrant Restructuring Agreement”),\neffective as of October 2, 2026, with Anson Investments Master Fund L.P. and\nAnson East Master Fund L.P. (collectively, the “Anson Funds”).\n\nThe Note and Warrant Restructuring Agreement is intended to simplify the\nCompany’s capital structure and support future financing as management\nevaluates potential acquisitions, mergers and other strategic transactions\nacross the AI ecosystem and advanced technologies. There can be no assurance\nthat any transaction will be pursued or completed.\n\nUnder the Note and Warrant Restructuring Agreement, i) full payment of $2.5\nmillion will make the remaining note convertible solely at a fixed price equal\nto the average daily VWAP for the three trading days immediately preceding\nfull payment, with its anti-dilution, price-reset and similar adjustment\nprovisions ceasing to apply. ii) Anson may, at its discretion, exchange\nwarrants covering 8,310,250 ordinary shares for an aggregate of 4.5 million\nordinary shares, subject to ownership limits and specified adjustments;\ndelivery of the corresponding exchange shares cancels the exchanged warrants,\nand completion of the full exchange eliminates their anti-dilution and\nprice-adjustment provisions. The cashless exchange provides no cash proceeds\nto the Company and will dilute existing shareholders. iii) Anson has also\nconsented to an ATM offering during the agreed consent period at a minimum\npublic offering price of $2.00 per ordinary share. Existing adjustment\nprovisions continue until the applicable payment or exchange milestone is\ncompleted, and other note terms and specified financing restrictions,\nparticipation rights, repayment rights and security arrangements remain in\neffect except as expressly amended or waived.\n\n“Our objective is to make our capital structure more predictable as we\npursue future financing and evaluate strategic acquisitions and other\ntransactions,” said Myungjong Kim, Co-Chief Executive. “Completing the\nagreed payment and other requirements per the agreement will eliminate\nvariable conversion pricing and anti-dilution adjustments from the remaining\nnote, while completing the warrant exchange will retire the exchanged warrants\nand their adjustment provisions.”\n\nThe Company will furnish the Note and Warrant Restructuring Agreement and this\nrelease to the Securities and Exchange Commission on Form 6-K. Investors\nshould review the Note and Warrant Restructuring Agreement for the complete\nterms, conditions and continuing obligations.\n\nAbout Nexus Advanced Technologies\nNexus Advanced Technologies Inc. (Nasdaq: NXAT) pursues strategic investments,\nacquisitions and partnerships across AI infrastructure and advanced\ntechnologies, including data centers, AI compute and GPU infrastructure.\n\nForward Looking Statements\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. Forward-looking statements\ninclude, but are not limited to, statements regarding the ATM offering, the\napplication of ATM proceeds, the repayment and conversion of the Note, the\nexchange of warrants for ordinary shares, the Company’s capital structure\nand financial flexibility, and the Company’s evaluation of potential\nstrategic transactions.\n\nThese forward-looking statements are based on management’s current\nexpectations, assumptions and estimates and are subject to a number of risks\nand uncertainties that could cause actual results to differ materially from\nthose anticipated, including: general market and economic conditions; the\nCompany’s ability to conduct the ATM offering on anticipated terms or at\nall; the Company’s ability to make the required payments under the\nAgreement; the timing and amount of any warrant exchanges; the Company’s\nability to identify, negotiate and consummate any strategic transaction; and\nthe risks and uncertainties described in the Company’s most recent Annual\nReport on Form 20-F and subsequent filings with the U.S. Securities and\nExchange Commission.\n\nThe Company can provide no assurance that it will enter into or consummate any\nstrategic transaction, or that any such transaction, if completed, will\nachieve its intended benefits.\n\nAll forward-looking statements speak only as of the date of this press release\nand are qualified in their entirety by reference to the factors discussed in\nthe Company’s filings with the SEC. The Company undertakes no obligation to\nupdate or revise any forward-looking statement, whether as a result of new\ninformation, future events or otherwise, except as required by law.\n\nMedia Contact:\nInvestor Relations: info@kwavemedia.com\nPublic Relations: info@redroosterpr.com\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-05T11:30:00.30844899Z","server_sent_at_ms":1791199800308},"received_at":"2026-10-05T11:30:00.419Z","source_url":null},"analysis":{"id":"148903","press_release_id":"160329","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["warrant exchange (8,310,250 warrants to 4.5 million shares) will dilute existing shareholders with no cash proceeds to the company","company consents to ATM offering — ongoing dilution overhang at a minimum price of $2.00","no assurance any strategic transaction (acquisitions/mergers) will be pursued or completed","existence of anti-dilution and price-reset note provisions indicates prior dilutive financing history"],"eventType":"debt_offering","narrative":"Nexus Advanced Technologies (NXAT), formerly K Wave Media, signed a Note and Warrant Restructuring Agreement effective October 2, 2026 with the Anson Funds to simplify its capital structure.\n\nA $2.5 million full payment converts the remaining note at a fixed three-day VWAP and eliminates anti-dilution and price-reset provisions; Anson may also exchange warrants covering 8,310,250 shares for 4.5 million ordinary shares in a cashless exchange that provides no proceeds and dilutes shareholders.\n\nAnson consented to an ATM offering at a minimum price of $2.00 per share while the company evaluates potential AI and advanced-technology acquisitions, with no assurance any transaction will be completed.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"NXAT restructures Anson note and warrants to remove toxic conversion terms — but the cleanup costs share dilution and opens an ATM."},"keyFigures":{"dealValueUsd":2500000,"customDimensions":{"note_repayment":"$2.5 million","atm_minimum_price":2,"warrants_exchangable":8310250,"warrant_exchange_shares":4500000}},"quotedText":"Our objective is to make our capital structure more predictable as we pursue future financing and evaluate strategic acquisitions and other transactions","namedEntities":{"people":[{"name":"Myungjong Kim","role":"Co-Chief Executive"}],"products":[],"companies":[{"name":"Nexus Advanced Technologies Inc.","ticker":"NXAT","relationship":"filer (formerly K Wave Media Ltd.)"},{"name":"Anson Investments Master Fund L.P.","relationship":"noteholder/counterparty"},{"name":"Anson East Master Fund L.P.","relationship":"noteholder/counterparty"}],"dollarAmounts":[{"amount":"$2.5 million","context":"full payment to fix conversion terms of remaining note"},{"amount":"$2.00","context":"minimum public offering price for consented ATM offering"}]},"materialImpact":{"score":3,"reasoning":"A restructuring agreement that removes variable conversion pricing and anti-dilution provisions improves capital-structure predictability, but it includes a dilutive cashless warrant exchange (8,310,250 warrants into 4.5 million shares) and consents to an ATM offering with no cash proceeds to the company from the exchange."},"tickerRelevance":{"others":[],"primary":"NXAT"},"globalImportance":22,"audienceRelevance":25,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"debt-restructuring-with-dilution","retailFavoriteBoost":"former K Wave Media / pivot-to-AI shell-type profile attracts retail attention"}},"event_type":"debt_offering","event_type_secondary":["dilution"],"sentiment":"mixed","material_impact_score":3,"narrative":"Nexus Advanced Technologies (NXAT), formerly K Wave Media, signed a Note and Warrant Restructuring Agreement effective October 2, 2026 with the Anson Funds to simplify its capital structure.\n\nA $2.5 million full payment converts the remaining note at a fixed three-day VWAP and eliminates anti-dilution and price-reset provisions; Anson may also exchange warrants covering 8,310,250 shares for 4.5 million ordinary shares in a cashless exchange that provides no proceeds and dilutes shareholders.\n\nAnson consented to an ATM offering at a minimum price of $2.00 per share while the company evaluates potential AI and advanced-technology acquisitions, with no assurance any transaction will be completed.","key_figures":{"dealValueUsd":2500000,"customDimensions":{"note_repayment":"$2.5 million","atm_minimum_price":2,"warrants_exchangable":8310250,"warrant_exchange_shares":4500000}},"named_entities":{"people":[{"name":"Myungjong Kim","role":"Co-Chief Executive"}],"products":[],"companies":[{"name":"Nexus Advanced Technologies Inc.","ticker":"NXAT","relationship":"filer (formerly K Wave Media Ltd.)"},{"name":"Anson Investments Master Fund L.P.","relationship":"noteholder/counterparty"},{"name":"Anson East Master Fund L.P.","relationship":"noteholder/counterparty"}],"dollarAmounts":[{"amount":"$2.5 million","context":"full payment to fix conversion terms of remaining note"},{"amount":"$2.00","context":"minimum public offering price for consented ATM offering"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T11:30:07.365Z","global_importance":22,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"debt-restructuring-with-dilution","retailFavoriteBoost":"former K Wave Media / pivot-to-AI shell-type profile attracts retail attention"}},"durationMs":6872,"modelName":"glm-5.3-flashx"}}