Nexentis Files 8-K Disclosing Unregistered Share Issuances
Nexentis Technologies Inc. disclosed on October 15, 2026, that it issued shares of common stock to executive officers, directors, and consultants. The company, which is incorporated in Nevada and headquartered in Ness Ziona,…
Nexentis Technologies Inc. disclosed on October 15, 2026, that it issued shares of common stock to executive officers, directors, and consultants. The company, which is incorporated in Nevada and headquartered in Ness Ziona, Israel, filed a Form 8-K with the U.S. Securities and Exchange Commission to report these transactions. The shares were issued under the company's 2022 Share Incentive Plan and in separate arrangements outside the plan.
The largest portion of the issuance went to consultants. Nexentis issued an aggregate of 510,000 shares outside of the 2022 Share Incentive Plan to consultants in exchange for various financial, investor relations, and business development services. Additionally, the company issued 51,000 shares to a consultant specifically for accounting and controller services. These transactions occurred on the same date as the other issuances.
Executive officers received significant allocations under the plan. David Palach, the Chief Executive Officer, received 101,549 shares. Lital Barda, the Chief Financial Officer, received 51,000 shares. The company's directors received an aggregate of 208,639 shares. All shares issued to Palach, Barda, and the directors were granted under the 2022 Share Incentive Plan.
Nexentis stated that the issuance of these shares was exempt from registration under the Securities Act of 1933. The company relied on Section 4(a)(2) of the Act, which covers transactions by an issuer that do not involve a public offering. The Form 8-K was signed by David Palach on October 19, 2026.
The company's common stock, which has a par value of $0.0001 per share, trades on the Nasdaq Capital Market under the ticker symbol NXTS. Nexentis identifies itself as an emerging growth company as defined by Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934. The filing does not indicate that the company elected to use the extended transition period for complying with new or revised financial accounting standards.
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