SUBSEQUENT EVENTS

12 Months Ended

Jun. 30, 2025

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

During July 2025, the Company issued additional convertible debentures in return for total cash proceeds of $50,000.  The terms of the convertible debentures are disclosed in Note 4.

On August 2, 2025, the Company entered into a non-binding Letter of Intent (the “LOI”) to purchase an AI data annotation and labelling company operating in the Philippines.  The total consideration for the acquisition is, comprised of an upfront cash payment of $600,000, a three-year convertible debenture in the principal amount of $450,000, and the issuance of 6,520,000 restricted shares of Nexscient’s common stock, $0.001 par value per share.  Completion of the transaction is subject to standard due diligence, negotiation and execution of definitive documentation, receipt of necessary board approvals, and any third-party consents.  The LOI contains standard representations, warranties, covenants, and conditions as well as mutual confidentiality and exclusivity provisions.