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Next Dynamics (OTC PINK:NEXD) has signed a definitive agreement to acquire Integrated Launcher Solutions (ILS), a developer of autonomous remote launchers for defense, security, and maritime sectors. The acquisition, valued at $6 million, will be executed through the issuance of 13.33 million new restricted common shares of Next Dynamics.
ILS's platform-agnostic remote weapons systems complement Next Dynamics' ballistics technology, offering reduced weight, increased reliability, accuracy, and safety at lower costs. As part of the deal, ILS CEO Greg Sullivan will become President and CEO of Next Dynamics, while current CEO Jacob Salk will transition to Director and CFO.
The transaction is expected to close in Q4 2024, subject to regulatory and shareholder approvals. Additionally, Next Dynamics will extinguish certain debts through the issuance of 4.19 million common shares.
Next Dynamics, Inc. (OTC: NEXD) has announced significant progress in expanding its international patent portfolio for its ballistics technology. The company has received a grant of its 'IMPROVED BULLET' patent in Europe (Patent No. EP 3601939B1) and a notice of allowance for its 'BULLET WITH DRAG-REDUCING FEATURE' patent in Canada (Application No. 3,057,865). These developments are based on Next Dynamics' existing US patents (US11674779B2 and US11162768B2).
CEO Jacob Salk emphasized that these achievements further validate the unique nature of the company's technology and strengthen its intellectual property protection in regions with significant defense spending. The company anticipates sharing additional developments regarding partnerships and further technology validation in the near future.
Next Dynamics, Inc. (NEXD) has announced a Regulation CF equity offering, filing its Form C with the U.S. SEC on March 24, 2023. The offering enables public investment in its patented small arms ammunition technology, priced at $1.00 USD per share, with a minimum investment of $250.00 USD. The total offering aims to raise a maximum of $5 million USD. Proceeds will support research, development, and production, focusing on military and law enforcement applications. This initiative positions Next Dynamics as a potential leader in defense technology, with ongoing efforts to license its innovations.
Next Dynamics (OTC PINK:NEXD) has reported impressive results from recent testing of its 7.62 caliber Nemesis ammunition conducted by Bornea Dynamics. The testing revealed a nearly 52% improvement in velocity reduction over 300 yards compared to competitor rounds and a 21% greater velocity at that distance. The Nemesis rounds also achieved match-grade accuracy, significantly outperforming both Winchester and Berger rounds. Next Dynamics plans further testing and discussions with potential licensors for distribution.
Next Dynamics (OTC:NEXD) announced significant corporate updates, including the appointment of Jacob Salk as President & CEO, enhancing leadership with experience in financial advisory and technology.
The Company secured US Patent No. 11,162,768 B2 for its innovative Nemesis Ammunition Technology, expanding its patent portfolio.
Additions to the Advisory Board include Rear Admiral Greg Slavonic and former Navy SEAL Lindsay Kough, boosting defense sector relationships. The launch of a new corporate website aims to improve shareholder communication.
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