N2OFF, Inc. Reports Material Agreement and Equity Sales
Ticker: NXTS · Form: 8-K · Filed: Apr 16, 2024 · CIK: 1789192
| Field | Detail |
|---|---|
| Company | N2off, INC. (NXTS) |
| Form Type | 8-K |
| Filed Date | Apr 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1,500,000, $1,455,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-obligation
TL;DR
N2OFF just signed a big deal and sold some stock. Watch out for dilution.
AI Summary
N2OFF, Inc. entered into a material definitive agreement on April 4, 2024, related to a direct financial obligation. The company, formerly known as Save Foods, Inc., also reported unregistered sales of equity securities. The filing includes financial statements and exhibits.
Why It Matters
This filing indicates new financial obligations and potential dilution from equity sales, which could impact the company's financial structure and stock value.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement and unregistered sales of equity, which can introduce financial obligations and potential dilution.
Key Players & Entities
- N2OFF, Inc. (company) — Registrant
- Save Foods, Inc. (company) — Former company name
- April 4, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by N2OFF, Inc. on April 4, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What type of financial obligation is N2OFF, Inc. reporting?
N2OFF, Inc. is reporting a direct financial obligation or an obligation under an off-balance sheet arrangement.
When did N2OFF, Inc. change its name from Save Foods, Inc.?
The company changed its name from Save Foods, Inc. on April 10, 2023.
What is the SIC code for N2OFF, Inc.?
The Standard Industrial Classification (SIC) code for N2OFF, Inc. is 2870, which falls under AGRICULTURE CHEMICALS.
What items are included in the filing?
The filing includes information on the entry into a material definitive agreement, creation of a direct financial obligation, unregistered sales of equity securities, and financial statements and exhibits.
Filing Stats: 838 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-04-16 07:57:02
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 NITO The Nasdaq Capital Market LLC
- $1,500,000 — ada corporation (the "Company"), sold a $1,500,000 promissory note (the "Note") to YA II P
- $1,455,000 — "Investor") in exchange for proceeds of $1,455,000, reflecting an original issue discount
- $150,000 — eafter, t he Company is required to pay $150,000, together with accrued and unpaid inter
Filing Documents
- form8-k.htm (8-K) — 45KB
- ex4-1.htm (EX-4.1) — 9KB
- ex4-1_001.jpg (GRAPHIC) — 391KB
- ex4-1_002.jpg (GRAPHIC) — 457KB
- ex4-1_003.jpg (GRAPHIC) — 456KB
- ex4-1_004.jpg (GRAPHIC) — 489KB
- ex4-1_005.jpg (GRAPHIC) — 414KB
- ex4-1_006.jpg (GRAPHIC) — 303KB
- ex4-1_007.jpg (GRAPHIC) — 491KB
- ex4-1_008.jpg (GRAPHIC) — 496KB
- ex4-1_009.jpg (GRAPHIC) — 380KB
- ex4-1_010.jpg (GRAPHIC) — 94KB
- ex4-1_011.jpg (GRAPHIC) — 45KB
- ex4-1_012.jpg (GRAPHIC) — 162KB
- 0001493152-24-014741.txt ( ) — 5982KB
- nito-20240404.xsd (EX-101.SCH) — 3KB
- nito-20240404_lab.xml (EX-101.LAB) — 33KB
- nito-20240404_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 4.1 $1,500,000 Promissory Note issued to YA II PN, Ltd., dated April 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. N2OFF, Inc. Date: April 16, 2024 By: /s/ David Palach Name: David Palach Title: Chief Executive Officer