Nexus Advanced Technologies Inc.

Nexus Advanced Technologies Inc. announced it has signed an exclusivity agreement to negotiate a potential reverse merger with a U.S. defense technology company at a proposed valuation of approximately $500 million for the Target, subject to due diligence and definitive terms. The Target, whose identity is being withheld for confidentiality, holds a license for weapons technology aimed at counter-drone defense applications, and Nexus is evaluating that technology, the scope of the license and the Target's commercialization prospects. The Target has received non-binding letters of intent for potential projects with an aggregate indicated value of approximately $7 billion, though these are preliminary and do not constitute confirmed orders or committed revenue. If completed on currently discussed terms, the structure could merge the Target with a Nexus subsidiary, with the Target's shareholders acquiring a majority ownership interest in the combined company and a resulting change of control of Nexus, leaving final structure, ownership percentages and financing undetermined. Any deal remains subject to due diligence, execution of definitive agreements, corporate and shareholder approvals, regulatory and Nasdaq listing requirements, and re-domiciliation of the Company as a US entity.