LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Nomad Power Solutions, Inc. announced that Geordan Pursglove has stepped down as Chief Executive Officer and from the Board of Directors. He will receive a $600,000 severance payment and 1,500,000 restricted stock units for consulting services through January 31, 2027. Concurrently, Michael Hilmer has been appointed as the non-employee Executive Chairman of the Board and a director, effective November 9, 2026. Hilmer will also provide consulting services for $20,000 per month, focusing on budget development, go-to-market strategy, and investor relations.

NOMAD Power Solutions announced that its common stock is now available for options trading on the Cboe Options Exchange under the symbol "NMAD." The company believes this development is a significant step in enhancing its public markets profile, increasing visibility among both institutional and retail investors, and strengthening its trading ecosystem. This move is expected to provide greater liquidity for the company's shares and offer investors additional flexibility to manage risk and leverage equity positions, while the common stock continues to trade on the Nasdaq Stock Market.

Nomad Power Solutions, Inc. is holding a Special Meeting on September 4, 2026, to seek stockholder approval for several key proposals. These include the issuance of 50,366,070 common shares underlying Series D Convertible Stock, which were issued as part of its recent merger with Nomad Transportable Power Systems, Inc. Stockholders will also vote on amending the 2020 Stock Incentive Plan to increase authorized shares by 3.5 million and electing two new directors. The board recommends voting "FOR" all proposals, noting that failure to approve the share issuance would result in a 7% cumulative dividend on unconverted shares and significant dilution for existing shareholders if approved.

NOMAD Power Solutions announced a third-generation upgrade to its Voyager mobile energy storage series, increasing fleet-wide energy storage capacity by over 50%. The Voyager Eagle and Falcon now offer 2.025 MWh, and the Voyager Hawk 1.0 MWh, without changing footprint or power output. This enhancement, achieved through a partnership with Octillion Power Systems using prismatic LFP architecture, provides customers with significantly longer runtime and greater application flexibility.

LIXTE Biotechnology Holdings, Inc. has officially changed its name to NOMAD Power Solutions, Inc. and its Nasdaq ticker from LIXT to NMAD, effective July 6, 2026. This rebranding signifies a strategic transition into the AI energy infrastructure equipment and services sector, following its acquisition of NOMAD Transportable Power Systems. The company will no longer operate in its legacy life sciences market and is exploring options for divesting those assets, focusing instead on providing mobile, utility-grade battery energy storage systems for AI and hyperscale data centers.

LIXTE Biotechnology Holdings, Inc. announced the completion of its merger with NOMAD Transportable Power Systems, Inc., a leader in battery energy storage systems. In connection with the merger, LIXTE issued common and preferred shares to NOMAD stockholders. The company will undergo a corporate name change to NOMAD Power Solutions, Inc. and its trading symbol will change to "NMAD", marking a strategic transformation into the AI energy infrastructure sector.

LIXTE Biotechnology Holdings, Inc. announced its inclusion in the Russell Microcap® Index, effective after the close of U.S. equity markets on June 26, 2026. The company's CEO, Geordan Pursglove, stated that this inclusion is an important milestone reflecting significant progress and is expected to increase visibility among institutional investors and broaden awareness of its growth strategy. LIXTE is currently undergoing a strategic transformation to become an AI energy infrastructure equipment and services platform.

Lixte Biotechnology Holdings, Inc. provided an update on its definitive agreement to acquire NOMAD Transportable Power Systems, Inc. In connection with the merger, Lixte issued a $6.5 million secured promissory note to NOMAD. The proceeds are intended to repay NOMAD's outstanding obligations and fund working capital to accelerate its commercial momentum and scale manufacturing. The acquisition is expected to close on or about July 1, 2026, after which the combined company will be renamed NOMAD Power Solutions, Inc. and trade under a new ticker symbol.

LIXTE Biotechnology Holdings, Inc. provided an update on its previously announced acquisition of NOMAD Transportable Power Systems, Inc., stating it will loan $6.5 million to NOMAD prior to closing. This capital advance aims to fund NOMAD's order backlog and working capital, ensuring continuous production as the acquisition is expected to close around July 1, 2026. Upon closing, the combined entity will be renamed NOMAD Power Solutions, Inc. and will trade under a new ticker symbol, reflecting its focus on deployable battery energy storage systems for utilities and data centers.

LIXTE Biotechnology Holdings, Inc. announced a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, Inc., a market leader in deployable, utility-grade battery energy storage systems. Upon closing, LIXTE will be renamed NOMAD Power Solutions, marking a significant strategic shift from biotechnology to power solutions. NOMAD reported approximately 175% revenue growth in 2025 and projects 135% growth in 2026, addressing a multi-hundred-billion-dollar power capacity opportunity.