NMAD on Nasdaq

NOMAD POWER SOLUTIONS, INC.

NOMAD POWER SOLUTIONS, INC. is an American pharmaceutical preparations company based in Pasadena.2 Its shares trade on Nasdaq under the symbol NMAD.2

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Last updated Oct 21, 2026.

Overview

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  • TickerNMAD on Nasdaq2
  • IndustryPharmaceutical Preparations2
  • HeadquartersPasadena, United States2
  • Incorporated inDE3
  • Business address433 Plaza Real, Suite 275, Boca Raton, Fl 334323
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI5493004HPIB1PBNQ3L692
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o BUSINESS FILINGS INCORPORATED, 108 WEST 13TH ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 39749592

3 patients had stable disease for 2 cycles, 3 patients had stable disease for 4 cycles, and 3 patients had stable disease for 6 cycles.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5678910-$5.1M in 2025+105% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$2.5M-$2.5M20192020: -$3.3M-$3.3M2020+31%2021: -$6.7M-$6.7M2021+106%2022: -$6.3M-$6.3M2022−6%2023: -$5.1M-$5.1M2023−19%2024: -$3.6M-$3.6M2024−30%2025: -$5.1M-$5.1M2025+43%
Net income5678910-$6.1M in 2025+149% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$2.4M-$2.4M20192020: -$3.3M-$3.3M2020+34%2021: -$6.7M-$6.7M2021+106%2022: -$6.3M-$6.3M2022−6%2023: -$5.1M-$5.1M2023−19%2024: -$3.6M-$3.6M2024−30%2025: -$6.1M-$6.1M2025+70%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
General and administrative costs (includes $1,388,322 and $418,422 of stock-based compensation, respectively)$4.9M$2.8M
Research and development costs$254.9K$726.2K
Total costs and expenses$5.1M$3.6M
Loss from operations-$5.1M-$3.6M
Interest Income$7.4K$7.0K
Interest Expense-$9.2K-$16.8K
Realized loss on digital assets-$904.4K
Foreign currency gain (loss)$525-$3.4K
Other income$3.7K
Net loss-$6.0M-$3.6M
Series B Convertible Preferred Stock 8% cumulative dividend-$69.1K
Net loss attributable to common stockholders-$6.1M-$3.6M
Earnings Per Share, Diluted-$1.26-$1.59
Weighted Average Number of Shares Outstanding, Diluted4.8M shares2.2M shares
Share based compensation$1.4M$418.4K

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Corporate structure

NOMAD POWER SOLUTIONS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NOMAD POWER SOLUTIONS, INC.

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on NOMAD POWER SOLUTIONS, INC., latest Jul 31, 2026
  • Strategic EP, LLC Filed SCHEDULE 13G on NOMAD POWER SOLUTIONS, INC., latest Jun 9, 2026
  • INTRACOASTAL CAPITAL, LLC Filed SCHEDULE 13G on NOMAD POWER SOLUTIONS, INC., latest Feb 18, 2025
  • Orca Capital AG Filed SCHEDULE 13G/A on NOMAD POWER SOLUTIONS, INC., latest Feb 18, 2025 (2 filings since Feb 13, 2025)
  • Eric Forman Filed SC 13G/A on NOMAD POWER SOLUTIONS, INC., latest Apr 7, 2022
  • Glenn Krinsky Filed SC 13G on NOMAD POWER SOLUTIONS, INC., latest Apr 7, 2022
  • SABBY MANAGEMENT, LLC Filed SC 13G/A on NOMAD POWER SOLUTIONS, INC., latest Jan 4, 2022
  • NOMAD POWER SOLUTIONS, INC. Pasadena, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NOMAD POWER SOLUTIONS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$6.6M10 Dec 31, 2025
Operating-lease assets (leased space)$972.7K10 Dec 31, 2025

Properties, in its own words

We do not own any real property.

As a part of the asset acquisition that we completed on November 21,2025 with Liora Technologies Europe Ltd, we assumed a lease with United Kingdom Research and Innovation (“UKRI”) for Part of the Tower at Daresbury Laboratory, Daresbury Cheshire within ground and first floor as part of the Department for Science, Innovation and Technology whose principal office is at Polaris House, North Star Avenue, Swindon SN2 1FL.

The rest of Item 2

We believe that our facilities are generally in good condition and suitable to operate our business.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led NOMAD POWER SOLUTIONS, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorBas van der Baan named Aug 1, 202338
  • DirectorRegina Brown named Aug 1, 202338

Former names

  • LIXTE BIOTECHNOLOGY HOLDINGS, INC.Oct 4, 2006 to Jul 2, 20263
  • SRKP 7 INCAug 3, 2005 to Dec 1, 20063

Timeline

  1. Oct 6, 20268-K Regulation FD disclosure39
  2. Sep 30, 20268-K Entered a material agreement; Unregistered sale of shares40
  3. Sep 17, 20268-K Financial statements and exhibits41
  4. Jul 31, 20268-K Regulation FD disclosure42
  5. Jul 10, 20268-K Regulation FD disclosure43
  6. Jul 2, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares44
  7. Jun 18, 20268-K Entered a material agreement; Regulation FD disclosure45
  8. Jun 16, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure46
  9. Jun 4, 20268-K Entered a material agreement; Other events47
  10. Jun 1, 20268-K Executive or director change; Regulation FD disclosure48
  11. Apr 17, 20268-K Executive or director change49
  12. Mar 20, 20268-K Executive or director change50
  13. Jun 18, 2025New chief executive Geordan Garrett Pursglove becomes CEO13
  14. Sep 27, 2023New chief executive Der Baan Bastiaan Jeroen Van becomes CEO14
  15. Dec 2, 2020New chief executive John S. Kovach becomes CEO15
  16. May 24, 2005Founded NOMAD POWER SOLUTIONS, INC. is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202651

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

260 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 90 major events, 81 insider forms, 8 large holders, 1 private raises, 60 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Sep 30, 20268-K EDGAR
  3. Sep 17, 20268-K/A EDGAR
  4. Aug 14, 202610-Q EDGAR
  5. Jul 31, 2026SCHEDULE 13G EDGAR
  6. Jul 31, 20268-K EDGAR
  7. Jul 27, 2026DEF 14A EDGAR
  8. Jul 17, 2026PRE 14A EDGAR
  9. Jul 10, 20268-K EDGAR
  10. Jul 2, 20264 EDGAR
  11. Jul 2, 20264 EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jul 2, 20268-K EDGAR
  17. Jul 2, 20263 EDGAR
  18. Jun 18, 20268-K EDGAR
  19. Jun 16, 20268-K EDGAR
  20. Jun 9, 2026SCHEDULE 13G EDGAR

The 260 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 16 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 3, 2023Bernards ReneDirectorBuy5,527$2.51$13.9KForm 4
Oct 3, 2023van der Baan Bastiaan JeroenPresident, CEO & Vice ChairmanBuy10,000$2.80$28.0KForm 4
Oct 3, 2023Bernards ReneDirectorBuy5,527$2.51$13.9KForm 4
Oct 2, 2023Bernards ReneDirectorBuy4,473$2.29$10.2KForm 4
Oct 2, 2023Bernards ReneDirectorBuy4,473$2.29$10.2KForm 4
Dec 30, 2022van der Baan Bastiaan JeroenPresident, CEO & Vice ChairmanBuy10,000$0.49$4.9KForm 4
Dec 30, 2022van der Baan Bastiaan JeroenPresident, CEO & Vice ChairmanBuy10,000$4.90$49.0KForm 4
Dec 15, 2022Bernards ReneDirectorBuy15,000$0.51$7.7KForm 4
Dec 12, 2022Bernards ReneDirectorBuy10,000$0.61$6.1KForm 4
Dec 9, 2022FORMAN ERICVice President and COOBuy16,112$0.61$9.9KForm 4
Nov 22, 2022FORMAN ERICVice President and COOBuy2,484$0.56$1.4KForm 4
Nov 21, 2022FORMAN ERICVice President and COOBuy1,457$0.56$816Form 4
Nov 21, 2022Brown ReginaDirectorBuy5,000$0.58$2.9KForm 4
Nov 18, 2022FORMAN ERICVice President and COOBuy16,207$0.56$9.2KForm 4
Nov 17, 2022FORMAN ERICVice President and COOBuy4,852$0.54$2.6KForm 4
Nov 14, 2022Bernards ReneDirectorBuy52,500$0.53$27.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.5M 2023–2023
Money received by yearMoney received by year, 2023–2023: $3.5M in all. Private raises (Form D) $3.5M.$0$1M$2M$3M$4M2023 · Private raises (Form D): $3.5M2023
Figures by year
YearPrivate raises (Form D)Total
2023$3.5M$3.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 20, 2023Raised $3.5 million in a private offering of securities38 Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Legacy Wealth Managment, LLC/ID600,669$4.5M1.8%New
Vanguard Capital Management LLC555,476$4.1M0.0%+505,997
Scotia Capital Inc.283,162$2.1M0.0%No change
Geode Capital Management, LLC143,036$1.1M0.0%+84,184
BlackRock, Inc.75,958$563.6K0.0%New
State Street Corp75,096$557.2K0.0%+57,700
Vanguard Fiduciary Trust Co67,280$499.2K0.0%+32,246
Federation des caisses Desjardins du Quebec38,130$282.9K0.0%−26,357
Northern Trust Corp27,655$205.2K0.0%New
Axxcess Wealth Management, LLC13,771$102.2K0.0%New
Atlas Legacy Advisors, LLC13,771$102.2K0.0%No change
Ethos Financial Group, LLC24,808$99.7K0.0%No change
Equitable Holdings, Inc.10,000$74.2K0.0%New
UBS Group AG6,400$47.5K0.0%New
Integrated Wealth Concepts LLC246$1.8K0.0%New
SBI Securities Co., Ltd.190$1.4K0.0%No change
Caitong International Asset Management Co., Ltd7$520.0%New
Wells Fargo & Company/mn5$370.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NOMAD POWER SOLUTIONS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNOMAD POWER SOLUTIONS, INC.1
  • CIK0001335105
  • Employer ID (EIN)20-29035264
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address433 Plaza Real, Suite 275, Boca Raton, FL 334321
  • Phone310 203 29021
  • Shares outstanding16,101,068 as of Aug 10, 202612
  • Public float$2.0M as of Jun 30, 20254
  • AuditorWeinberg & Company, P.A, Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 3, 20051
  • Filings527 in all: 8-K (143), 4 (101), 10-Q (56), 3 (33), 10-K (18), CORRESP (18), UPLOAD (18), SC 13G/A (13)1
    All 49 form types

    424B5 (12), S-1/A (8), SC 13G (8), 10QSB (7), DEF 14A (7), EFFECT (7), PRE 14A (7), DEFA14A (5), SB-2/A (5), SC 13D (5), S-1 (4), SCHEDULE 13G (4), 10KSB (3), 10KSB/A (3), D (3), REGDEX/A (3), S-3 (3), 4/A (2), 424B4 (2), 8-K/A (2), CT ORDER (2), DEF 14C (2), NT 10-Q (2), PRE 14C (2), REGDEX (2), S-8 (2), 10SB12G (1), 10SB12G/A (1), 25-NSE/A (1), 424B3 (1), 5 (1), 8-A12B (1), CERT (1), D/A (1), DRS (1), RW (1), S-3/A (1), SB-2 (1), SC 13D/A (1), SC 14F1 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jul 27, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareLIXTNASDAQ

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks NOMAD POWER SOLUTIONS, INC. names in Item 1A of its 10-K filed Mar 31, 2026: 9 risks under these headings, as written.4

  • There is substantial doubt about our ability to continue as a going concern.
  • Our efforts to integrate acquired businesses may not be successful, and this may adversely affect our financial results.
  • Acquiring or implementing new business lines or offering new products and services may subject us to additional risks.
  • We compete in highly competitive markets, and we may lose market share to companies with greater resources or more effective technologies or be forced to reduce our prices.
  • Our business may suffer if we are not able to hire and retain qualified personnel.
  • The financial results of our Liora LiGHT system business may be unpredictable and if our proton therapy customers are unsuccessful, our financial results will be adversely affected.
  • Our Liora LiGHT system business may subject us to increased liability.
  • Our performance depends on successful improvements to our existing products and services, commercialization of new products and services and increasingly on our ability to anticipate emerging trends in oncology diagnosis, treatment and management.
  • Mr. Pursglove’s simultaneous service as our Chief Executive Officer and member of our Board of Directors, and as Chief Executive Officer and member of the Board of Directors of Powell Max Ltd., may create conflicts of interest and may adversely affect management attention, financial reporting and decision-making.

Legal proceedings

On November 19, 2025, the Company received a written demand from FX Group Inc. and certain related parties (“FX”), asserting that FX was entitled to consulting fees in connection with capital offerings completed by the Company during June and July 2025. The Company denied the allegations, and negotiations continued after year-end. On January 22, 2026, the Company entered into a settlement agreement, under which the Company agreed to pay a one-time settlement amount of $100,000 to FX in exchange for mutual releases of all claims. As of December 31, 2025, management recorded an accrual of $100,000 for the settlement expense.

The Company may be subject to legal claims and actions from time to time as part of its business activities. As of December 31, 2025 and 2024, the Company was not subject to any other threatened or pending lawsuits, legal claims or legal proceedings.

The opening of Item 3, Legal Proceedings.4

Sources

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