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Next Science Limited (ASX:NXS)

ALERT: Price-sensitive ASX Announcement for NXS
Current share price for NXS : $0.145 0 (0%)+
Announcement
Release
16 Sep 2025 8:22AM
Price at Release
$0.145
Full Release
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Summary
Next Science Limited announced the completion of the sale of most of its assets to OSARTIS GmbH, finalized on 15 September 2025. The transaction, priced at US$50 million, included the assumption of certain liabilities. Net proceeds, expected to be around US$30 million after expenses, will be returned to shareholders, pending a shareholder meeting for approval. Transitional service agreements are established to ensure a smooth transition until the end of 2025, with the meeting notice anticipated to be sent out in November 2025.
Key Points
  • Next Science Limited completed the sale of substantially all its assets to OSARTIS GmbH.
  • The total sale price was US$50 million with the assumption of certain agreed liabilities.
  • Next Science plans to return the net proceeds, estimated at approximately US$30 million, to shareholders.
  • Transitional agreements are in place to provide services until 31 December 2025.
  • A shareholder meeting will be convened to approve the distribution method of the net sale proceeds.
  • The notice of the shareholder meeting is expected to be dispatched in November 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.