SCHEDULE: Mork Capital Boosts Stake in NXT Energy to 32.3%

Mork Capital Management, LLC and affiliates increased their beneficial ownership in NXT Energy Solutions Inc. to 32.3% through a recent share acquisition.

Summary

• Mork Capital Management, LLC, MCAPM, L.P., and Michael Mork (collectively, the Reporting Persons) have increased their beneficial ownership in NXT Energy Solutions Inc.
• The Reporting Persons now collectively own 37,576,821 shares, representing 32.3% of the total shares outstanding as of September 30, 2025.
• On November 24, 2025, MCAPM, L.P. acquired 7,050,500 shares from NXT Energy Solutions Inc. through a subscription agreement.
• The acquisition price for these shares was $0.2837 USD per share.
• The primary purpose of this transaction is to potentially profit from the appreciation in the market price of the shares.

Sentiment

Score: 7

Explanation: The significant increase in beneficial ownership by a major investor group, coupled with a direct share acquisition, suggests strong confidence in the company's future prospects and represents a positive capital event for the issuer.

Positives

• A significant increase in beneficial ownership by a key investor group, signaling confidence in the company's future prospects.
• The acquisition of 7,050,500 shares at $0.2837 USD per share represents a direct investment into the company, potentially strengthening its capital base.
• Michael Mork, as the owner and Managing Member of Mork Capital, now holds substantial voting and dispositive power, aligning his interests with long-term shareholder value.

Risks

• The stated purpose of the transaction is to profit from share price appreciation, which inherently carries market risk and no guarantee of return.

Future Outlook

The Reporting Persons' stated purpose for acquiring the shares is to potentially profit from the appreciation in the market price of the shares, indicating an expectation of future value growth for NXT Energy Solutions Inc.

Industry Context

This filing indicates a significant increase in a single investor group's stake in NXT Energy Solutions, a company likely operating in the energy solutions sector. Such a substantial ownership position by an investment management entity can signal a belief in the company's long-term potential or a strategic move to influence corporate direction, which is a common occurrence in industries undergoing technological shifts or consolidation.

Comparison to Industry Standards

• NA

Related Party Transactions

• MCAPM, L.P., a fund managed by Mork Capital Management, LLC (whose owner is Michael Mork, a significant beneficial owner of NXT Energy Solutions Inc.), entered into a subscription agreement with NXT Energy Solutions Inc. to acquire 7,050,500 shares. This constitutes a transaction between the issuer and a significant shareholder group.

Stakeholder Impact

• Shareholders: Increased confidence due to a significant investor's increased stake; potential for improved governance or strategic direction if the investor becomes more active.
• Company: Influx of capital from the share subscription, strengthening the company's financial position.

Next Steps

• The Reporting Persons will continue to monitor their investment in NXT Energy Solutions Inc. with the aim of profiting from share price appreciation.

Key Dates

Recommendation

While the increased stake by Mork Capital Management signals confidence and provides a capital infusion, a Schedule 13D primarily reports ownership changes rather than operational performance or strategic shifts. Without further information on the company's underlying business performance, financial health, or future plans, a 'hold' recommendation is prudent. Investors should monitor future company announcements and financial results to assess the impact of this increased ownership and the company's overall trajectory.

Keywords

NXT Energy Solutions, Mork Capital Management, MCAPM L.P., Michael Mork, Schedule 13D, beneficial ownership, share acquisition, investment management, equity stake, capital raise