I believe you should be able to accomplish the concept with sequential IF / THEN statements rather than nested.
IF Sensor1 battery < $LowBatteryLevel
THEN Set $LowBatteryLevel = Sensor1 battery
ELSE //do nothing
IF Sensor2 battery < $LowBatteryLevel
THEN Set $LowBatteryLevel = Sensor2 battery
ELSE //do nothing
IF Sensor3 battery < $LowBatteryLevel
THEN Set $LowBatteryLevel = Sensor3 battery
ELSE //do nothing
Since each comparison ultimately sets the variable, then the subsequent comparisons will be against the lowest value so far in the series.
PS. There’s a Math with Variables feature request that you may be interested in casting a vote on.