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LIXTE to acquire NOMAD Transportable Power Systems

PUBLIC · NMADJun 12, 2026

Acquiring Company

LIXTE Biotechnology Holdings

Acquired Company

NOMAD Transportable Power Systems

SetauketWaterburyInformation TechnologyBiotechnologyEnergyHealth CareScience And EngineeringRenewable EnergySolarTherapeuticsEnergyRenewable EnergyEnergy ManagementEnergy StorageEnergy Efficiency

Description

LIXTE Biotechnology Holdings, Inc. has announced a definitive agreement to acquire NOMAD Transportable Power Systems, a leader in mobile battery energy storage. Upon closing, the company will be renamed NOMAD Power Solutions. This acquisition aims to enhance market leadership in addressing the growing demand for reliable electrical power in North America.

Company Information

Company

LIXTE Biotechnology Holdings

Location

248 Route 25A

Setauket, New York, United States

About

LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT), is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing and commercializing cancer therapies. Major drivers of cancer are defects in the switches that turn the biochemical pathways in cells on or off. Most cancer research over the past 30 years has focused on the "on" switches because the "off" switches, especially the master "off" switch protein phosphatase (PP2A), were believed to cause intolerable toxicity in patients. LIXTE has achieved a breakthrough with its novel, first-in-class lead clinical compound and PP2A inhibitor, LB-100, demonstrating that LB-100 is readily tolerated in cancer patients at doses associated with anti-cancer activity. Based on extensive published preclinical data (see www.lixte.com), LB-100 has the potential to significantly improve outcomes for patients undergoing various chemotherapies or immunotherapies. LIXTE's new approach has no known competitors and is covered by a comprehensive patent portfolio. Initial proof-of-concept clinical trials are in progress.

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Frequently asked

Who acquired NOMAD Transportable Power Systems?

NOMAD Transportable Power Systems was acquired by LIXTE Biotechnology Holdings, based in Setauket. The deal was reported on June 12, 2026. LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT), is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing and commercializing cancer therapies. LIXTE Biotechnology Holdings is publicly traded (NMAD) and operates in Information Technology.

When did LIXTE Biotechnology Holdings acquire NOMAD Transportable Power Systems?

LIXTE Biotechnology Holdings's acquisition of NOMAD Transportable Power Systems was reported on June 12, 2026. LIXTE Biotechnology Holdings, Inc. has announced a definitive agreement to acquire NOMAD Transportable Power Systems, a leader in mobile battery energy storage. Upon closing, the company will be renamed NOMAD Power Solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NOMAD Transportable Power Systems do?

Nomad Transportable Power Systems, Inc. (“NOMAD”), is a Vermont-based company formed by KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. It is privately held, operating in Energy, and is based in Waterbury.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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