N2OFF, Inc. Reports Unregistered Equity Sale
Ticker: NXTS · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1789192
Sentiment: neutral
Topics: unregistered-sale, equity-securities, dilution
TL;DR
N2OFF sold unregistered shares on Jan 2nd. Dilution alert?
AI Summary
N2OFF, Inc. (formerly Save Foods, Inc.) reported an unregistered sale of equity securities on January 2, 2025. The company, incorporated in Nevada, is involved in agriculture chemicals and is located in Israel. This filing does not specify the number of shares sold or the price.
Why It Matters
This filing indicates a potential dilution of existing shares or a capital raise through private placement, which could impact the stock price.
Risk Assessment
Risk Level: medium — Unregistered sales can lead to dilution and are often conducted at a discount, potentially impacting existing shareholders.
Key Players & Entities
- N2OFF, Inc. (company) — Registrant
- Save Foods, Inc. (company) — Former company name
- January 2, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Israel (location) — Principal executive offices location
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the type of securities.
How many shares were sold in this unregistered offering?
The filing does not disclose the number of shares sold.
What was the price or valuation for these unregistered securities?
The filing does not provide information on the price or valuation of the securities sold.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 2, 2025.
What was N2OFF, Inc.'s former name?
N2OFF, Inc.'s former name was Save Foods, Inc.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2025-01-06 06:07:41
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NITO The Nasdaq Capital M
- $1,500,000 — The Company received gross proceeds of $1,500,000 as a result of such issuances. The Co
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-25-000353.txt ( ) — 208KB
- nito-20250102.xsd (EX-101.SCH) — 3KB
- nito-20250102_lab.xml (EX-101.LAB) — 33KB
- nito-20250102_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: January 6, 2025 By: /s/ David Palach Name: David Palach Title: Chief Executive Officer