Nex Neo Tech Inc. has entered into a definitive agreement with Zetoria LLC to secure up to $20,000 in financing. The transaction, finalized on August 28, 2026, consists of a Loan Agreement and a related Convertible Promissory Note Agreement.
Under the terms of the agreement, Zetoria LLC has agreed to provide the Company with working capital through one or more draws, subject to the Company's request. As of the filing date, no funds have been advanced under the Loan. Any amounts drawn will be evidenced by a written amendment to the Note Agreement.
The promissory note will accrue interest at a rate of 3% per annum. The principal and accrued interest are set to mature one year from the date of each advance, unless converted or prepaid prior to that date.
A key provision of the agreement allows the Investor to convert all or a portion of the outstanding principal and interest into shares of Nex Neo Tech's common stock. The conversion price is fixed at $0.08 per share. If the full $20,000 loan is drawn and subsequently converted, the Investor would receive 250,000 shares of common stock.
The securities issued in connection with this transaction have not been registered under the Securities Act of 1933. The offering relies on an exemption from registration under Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D, contingent upon the Investor's status as an accredited investor. Any shares issued will be considered restricted securities under Rule 144.
