Nexco Resources Inc. (CNSX:NXU) entered into an agreement to acquire Soter Technologies LLC for $14.2 million on May 25, 2021. As part of consideration, issuance of common shares of the Company (each, a “Consideration Share”) to the Vendors at a deemed price of $0.25 per Consideration Share as follows: (i) the issuance of 18,266,200 Consideration Shares on the Closing; and (ii) the issuance of up to 38,815,675 Consideration Shares as a post-Closing performance earn-out upon the Company achieving certain business objective and revenue milestones following the closing (the “Closing”) of the Transaction. The Company has agreed to pay a finder's fee of 1,000,000 common shares in connection with the Transaction. In connection with the Closing, the Company is expected to change its name to “Soter Technologies Inc.”. As on August 25, 2021, Concurrent Financing of non-brokered private placement has completed. As of June 15, 2022, Nexco entered in to amendment agreement which includes the final tranche in the amount of US$300,000 of a bridge loan (the “Bridge Loan”) in the aggregate amount of $3.6 million will be advanced by Nexco to Soter within two business days of the date that the Company receives full access to Soter Technologies' financial records. Completion of the Transaction remains subject to, among other things: approval of the CSE; closing of the Concurrent Financing; certain senior executive personnel of the Target having entered into new executive consulting or employment agreement with the Target; the Target having no more than US$3,000,000 in liabilities at the Closing, excluding the Bridge Loan, shareholders approval and other conditions which are customary for transactions of this nature. Closing of the proposed Transaction is expected to be on or before September 30, 2021. The Closing is anticipated to be on or before November 1, 2022.

Nexco Resources Inc. (CNSX:NXU) cancled the acquisition of Soter Technologies LLC on March 20, 2023.