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NOMAD POWER SOLUTIONS FILES EXPANDED BUSINESS AND FINANCIAL DISCLOSURE FOLLOWING COMPLETION OF MERGER
Filing highlights commercial deployments, strengthened capital position and growing opportunity for rapidly deployable power infrastructure
BOCA RATON, Fla, Sept. 17, 2026(GLOBE NEWSWIRE)—NOMAD Power Solutions (Nasdaq: NMAD) (“NOMAD” or the “Company”) (formerly LIXTE Biotechnology Holdings), an energy infrastructure company focused on rapidly deployable power generation and energy storage solutions, today announced that it has filed an amended Current Report on Form 8-K with the U.S. Securities and Exchange Commission providing expanded business and financial information following the completion of its merger with NOMAD Transportable Power Systems, Inc. in July 2026.
The filing includes a detailed description of NOMAD’s business, market opportunity, commercial deployments, audited historical financial statements of NOMAD Transportable Power Systems through the years ended December 31, 2025 and December 31, 2024, financial statements of NOMAD Transportable Power Systems as of June 30, 2026, pro forma combined condensed financial statements of NOMAD Power Solutions, and additional information regarding the Company’s operations and strategic growth initiatives.
“With the merger completed and additional capital in place, we believe NOMAD is well-positioned to expand commercial deployment of our transportable power platform,” said Geordan Pursglove, Chief Executive Officer of NOMAD Power Solutions. “Access to power has become an increasingly critical constraint for utilities, data centers, industrial facilities, and other large power users. We believe NOMAD’s ability to deliver utility-scale power rapidly and without waiting years for permanent grid infrastructure positions us to address an increasingly important need across the power market.”
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Following the July 2026 merger, NOMAD Transportable Power Systems received $16.5 million in cash, a portion of which was used to repay outstanding bank debt and other legacy financing obligations.
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Revenue increased to $9.4 million in 2025, up from $2.3 million in 2024 as NOMAD expanded commercial activity and product deliveries.
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Deferred revenue totaled $8.2 million as of December 31, 2025, providing visibility into future revenue recognition as contractual performance obligations are completed.
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The company reported a $9.5 million U.S. Department of Energy award supporting energy storage systems in rural Vermont.
Capital to Support the Next Stage of Growth
Pursglove continued: “The merger represented much more than a public listing for NOMAD. It provided capital to address legacy obligations and established a stronger foundation from which to pursue the significant growth opportunities we see across the power infrastructure market. We are particularly excited about applications where speed to power is becoming mission-critical, including AI and data-center infrastructure.”
