NEW YORK — Technology giant NexaCorp today announced a comprehensive restructuring plan that will spin off its cloud infrastructure division into a separate publicly traded company.

The move, approved by the board of directors, is designed to allow each entity to focus on its core market competencies.

Restructuring Overview * **Nexa Cloud**: The newly independent entity focusing on enterprise infrastructure and AI hosting platforms. * **Nexa Consumer**: Retains the consumer software portfolio, mobile devices, and hardware subscription models. * **Share Distribution**: NexaCorp shareholders will receive one share of Nexa Cloud for every two shares currently held.

The CEO stated, 'This spin-off is a strategic milestone. By separating our cloud business, we allow it to pursue direct investments and partnerships, while our consumer division continues to optimize its services portfolio.' The transaction is expected to close by the end of Q3.