N2OFF, Inc. Announces Material Definitive Agreement & Asset Acquisition
Ticker: NXTS · Form: 8-K · Filed: Dec 10, 2024 · CIK: 1789192
Sentiment: neutral
Topics: material-definitive-agreement, acquisition, corporate-action
TL;DR
N2OFF, Inc. just signed a big deal and bought assets - big moves happening!
AI Summary
On December 5, 2024, N2OFF, Inc. (formerly Save Foods, Inc.) entered into a material definitive agreement and completed the acquisition or disposition of assets. The company, incorporated in Nevada, filed this 8-K report on December 10, 2024, detailing these significant corporate events.
Why It Matters
This filing indicates significant corporate activity for N2OFF, Inc., including a new material agreement and asset acquisition, which could signal strategic shifts or growth initiatives.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and asset acquisition, which are significant events that could carry inherent risks and opportunities.
Key Players & Entities
- N2OFF, Inc. (company) — Registrant
- Save Foods, Inc. (company) — Former Company Name
- December 5, 2024 (date) — Earliest event reported
- December 10, 2024 (date) — Filing Date
- Nevada (jurisdiction) — State of Incorporation
FAQ
What is the nature of the material definitive agreement entered into by N2OFF, Inc.?
The filing does not specify the details of the material definitive agreement, only that one was entered into on December 5, 2024.
What assets were acquired or disposed of by N2OFF, Inc.?
The filing states that the completion of an acquisition or disposition of assets occurred on December 5, 2024, but does not provide specific details about the assets involved.
When did N2OFF, Inc. change its name from Save Foods, Inc.?
The filing indicates a name change from Save Foods, Inc. to N2OFF, Inc. occurred on April 10, 2023.
What is the primary business of N2OFF, Inc. according to its SIC code?
N2OFF, Inc. is classified under SIC code 2870, which corresponds to AGRICULTURE CHEMICALS.
Where is N2OFF, Inc. headquartered?
N2OFF, Inc.'s business and mailing address is listed as 156 FIFTH AVENUE 10TH FLOOR, NEW YORK, NY 10010-7751.
Filing Stats: 1,294 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-12-10 16:05:39
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NITO The Nasdaq Capital M
- $1,500,000 — gregate gross proceeds of approximately $1,500,000 (the "Private Placement"). As part of
- $0.24 — ly, the "Units") at a purchase price of $0.24 per unit (less $0.00001 per pre-funded
- $0.00001 — purchase price of $0.24 per unit (less $0.00001 per pre-funded unit). Each Unit consist
- $0 — ercisable and have an exercise price of $0.24, subject to certain anti-dilution an
- $1.00 — arrant Shares") at an exercise price of $1.00 per share. Notwithstanding that the Fac
- $0.848 — to the Company at a deemed price of CDN$0.848 per share in full satisfaction of CDN$2
- $2,052,879.39 — 48 per share in full satisfaction of CDN$2,052,879.39 owed to the Company. As a result of suc
Filing Documents
- form8-k.htm (8-K) — 55KB
- ex4-1.htm (EX-4.1) — 172KB
- ex4-2.htm (EX-4.2) — 137KB
- ex10-1.htm (EX-10.1) — 246KB
- ex10-2.htm (EX-10.2) — 206KB
- ex10-3.htm (EX-10.3) — 15KB
- 0001493152-24-049464.txt ( ) — 1168KB
- nito-20241205.xsd (EX-101.SCH) — 3KB
- nito-20241205_lab.xml (EX-101.LAB) — 33KB
- nito-20241205_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
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: December 10, 2024 By: /s/ David Palach Name: David Palach Title: Chief Executive Officer