Nerds On Site Inc. (CSE: NERD), a managed IT, cybersecurity, and AI services provider for small and mid-sized enterprises across Canada and the United States, has issued a shareholder update clarifying CEO Charlie Regan's financial support of the company and his approach to share ownership. The release details two debt-for-equity transactions completed in fiscal 2025 and 2026, totalling $200,000 in converted indebtedness. The company also reported two consecutive profitable quarters in the second half of fiscal 2026, which investors may view as a meaningful operational milestone.

Key Points

  • Nerds On Site Inc. (CSE: NERD, OTCQB: NOSUF) issued a CEO update on September 10, 2026
  • CEO Charlie Regan converted a combined $200,000 of company debt into equity across two separate transactions
  • Q3 and Q4 fiscal 2026 generated approximately $111,000 in combined profit, compared with an approximately $102,000 combined loss in the same period of fiscal 2025
  • Management confirmed shares received through debt settlements are being held and not sold into the public market

Two Debt-for-Equity Transactions Reduce Nerds On Site's Cash Obligations to CEO

The announcement details two transactions in which company debt owed to CEO Charlie Regan was settled through the issuance of common shares. On October 8, 2025, $100,000 of indebtedness was settled via 2,222,222 common shares at a deemed price of $0.045 per share. On April 8, 2026, a further $100,000 was converted into 2,857,143 common shares at a deemed price of $0.035 per share. The company states these transactions converted a financial liability into shareholders' equity, reducing cash obligations while increasing the CEO's direct equity exposure to Nerds On Site.

CEO Confirms Shares From Debt Settlements Are Not Being Offered for Sale

A central message in the release is that shares issued to Regan through debt-for-equity settlements have not been sold and are not being offered into the public market. Management emphasised this distinction given Nerds On Site's relatively small public float and trading volumes, noting that insider share issuances should not be interpreted as market disposals. Regan is quoted as stating the shares were not acquired for the purpose of selling them, and that his objective aligns with long-term shareholders in building company value. The release notes his stated intention to continue holding these shares.

Nerds On Site Reports Profitable Second Half of Fiscal 2026

The clarification on insider financing accompanies a disclosure on operating performance. During the second half of fiscal 2026, the company delivered two consecutive profitable quarters. Q3 and Q4 fiscal 2026 combined for approximately $111,000 in profit attributable to common shareholders, compared with an approximately $102,000 combined loss during the corresponding quarters of fiscal 2025 — an improvement of approximately $213,000 on a comparable six-month basis. Management attributes progress to disciplined expense management and continued expansion of recurring managed IT and cybersecurity revenues. The immediate share price impact was not clear from available public information.