NEW YORK, June 25, 2026, 13:05 EDT
- Nexera Technologies Ltd NASDAQ:NEXR jumped 54% to $0.8663. More than 244 million shares traded.
- Volume on the day ran about 54 times the average listed by TipRanks and 14.5 times the 16.84 million shares in a recent resale filing.
- Fort Technology Inc NASDAQ:FRTT has entered a non-binding LOI with Logia USA, GlobeNewswire reported. Terms could cut Fort’s ownership to 15% from 50.1% if milestones get hit.
Nexera Technologies Ltd NASDAQ:NEXR jumped 54% to $0.8663 early Thursday afternoon after announcing that majority-owned Fort Technology Inc NASDAQ:FRTT started a data-center backup-power deal process with Logia USA. Volume exploded, with over 244 million shares traded. NEXR hit an intraday high of $1.10, up nearly 96% from the previous close.
The gain came as the broader market slipped. Reuters market data had the Nasdaq Composite off 0.67% in the session.
Heavy volume is the story for investors. NEXR was trading at nearly 54 times its average daily volume of 4.51 million shares, according to TipRanks. That’s also about 14.5 times the 16.84 million shares listed in a resale filing from June 23. It doesn’t mean every share got moved just once—this is just a very active tape, during the same week as a new share supply.
Nexera’s June 23 filing covers the resale, from time to time, of as many as 16.84 million ordinary shares by selling stockholders. StockAnalysis, referencing TheFly, reported Nexera won’t be selling any shares itself under the filing.
Nexera said Fort has signed a non-binding letter of intent to explore a possible investment and collaboration deal with Logia USA. Logia USA is a private firm owned by Yair Harel, who founded Logia Israel. Nexera said Logia’s systems handle fuel maintenance automation and power generation integrity, and that companies in Israel are already using and selling these systems.
Fort’s proposal is to buy 50.1% of Logia USA. Financially, Fort is offering a credit facility of up to $2 million, and could add another $5 million, but only if it chooses to.
Nexera gave more detail. The company said Harel could end up with as much as 85% of Logia USA and Fort with 15% after three years, depending on milestones and final agreements. That makes the first ownership split harder for investors who are trying to pin down Nexera’s stake in Fort.
Deal talks between Nexera aren’t done yet. The company said the transaction still faces more evaluation, due diligence, final agreements, TSX Venture Exchange approval and other closing steps. Nexera also said there’s no guarantee the LOI ends with a final agreement or any commercial terms.
Fort’s shares fell to $1.14 with 1.3 million shares traded, unlike parent Nexera, which jumped over 50%. The diverging moves return attention to NEXR’s stock flow and financing, not just Logia.
Nexera’s capital stack saw a quick reset. A June 22 filing summed up a $2 million convertible note sold for $1.8 million in cash. The note can convert at the lower of $0.734 per share or 88% of the lowest daily VWAP in the last 20 trading days, with a conversion floor of $0.14680.
Nexera put out a warrant for as many as 3,212,336 shares. Some warrant exercise prices are now at $0.6226. The stock traded at $0.8663, roughly 39% higher than the new exercise price.
