DALLAS – Titan Global Holdings will acquire the assets of EMS provider Nexus Nano Electronics in an equity-based transaction conducted through a third-party investment group.

The acquiring company, YA Global Investments LP, will in turn sell Nexus to Titan and a subsidiary for $7.3 million of convertible preferred stock and 2 million shares of common stock (valued at $2 per share).

The convertible preferred stock issued to YA Global is convertible into the common stock of the planned spinout of Titan Electronics Group. Titan previously announced plans to spinout its Electronics Group, which includes two bare board fabrication operations.

The acquired company will be renamed Titan Nexus Inc., a wholly owned subsidiary of Titan Electronics Group.

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