Save Foods, Inc. Announces Special Stockholder Meeting on February 8, 2024
Ticker: NXTS · Form: DEF 14A · Filed: Jan 9, 2024 · CIK: 1789192
| Field | Detail |
|---|---|
| Company | Save Foods, INC. (NXTS) |
| Form Type | DEF 14A |
| Filed Date | Jan 9, 2024 |
| Risk Level | |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $100,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: Save Foods, Special Meeting, Stockholder Vote, Proxy Statement, Corporate Governance
TL;DR
<b>Save Foods, Inc. is convening a special stockholder meeting on February 8, 2024, in Tel Aviv, Israel, urging all shareholders to vote.</b>
AI Summary
Save Foods, Inc. (NXTS) filed a Proxy Statement (DEF 14A) with the SEC on January 9, 2024. Save Foods, Inc. will hold a special meeting of stockholders on February 8, 2024, at 2:30 p.m. Israel time. The meeting will take place at the offices of The Crone Law Group, P.C., located at 28 HaArba'a Street, South Tower, 19th floor, Tel Aviv, Israel. Stockholders are encouraged to confirm attendance by emailing david@savefoods.co or calling +972-54-721-5315 by February 7, 2024. Stockholders unable to confirm attendance in advance should arrive by 2:00 p.m. Israel time to clear security. The company emphasizes the importance of stockholder votes, regardless of share ownership, and encourages voting by telephone, internet, or mail.
Why It Matters
For investors and stakeholders tracking Save Foods, Inc., this filing contains several important signals. This meeting is a critical opportunity for shareholders to directly influence company decisions and governance. The proxy statement provides essential information for shareholders to make informed voting decisions on matters presented at the meeting.
Risk Assessment
Risk Level: — Save Foods, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement for a special meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Stockholders should review the proxy materials carefully and vote their shares to ensure their voice is heard on company matters.
Key Numbers
- 2:30 p.m. — Meeting Time (Israel time) (Time of the special meeting of stockholders.)
- 9:30 a.m. EST — Meeting Time (EST) (Equivalent time of the special meeting in Eastern Standard Time.)
- +972-54-721-5315 — Contact Phone (Phone number for David Palach to confirm attendance.)
Key Players & Entities
- Save Foods, Inc. (company) — Registrant and filer of the proxy statement.
- February 8, 2024 (date) — Date of the special meeting of stockholders.
- David Palach (person) — Chief executive officer of Save Foods, Inc.
- The Crone Law Group, P.C. (company) — Location where the special meeting will be held.
- February 7, 2024 (date) — Deadline for stockholders to advise attendance.
FAQ
When did Save Foods, Inc. file this DEF 14A?
Save Foods, Inc. filed this Proxy Statement (DEF 14A) with the SEC on January 9, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Save Foods, Inc. (NXTS).
Where can I read the original DEF 14A filing from Save Foods, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Save Foods, Inc..
What are the key takeaways from Save Foods, Inc.'s DEF 14A?
Save Foods, Inc. filed this DEF 14A on January 9, 2024. Key takeaways: Save Foods, Inc. will hold a special meeting of stockholders on February 8, 2024, at 2:30 p.m. Israel time.. The meeting will take place at the offices of The Crone Law Group, P.C., located at 28 HaArba'a Street, South Tower, 19th floor, Tel Aviv, Israel.. Stockholders are encouraged to confirm attendance by emailing david@savefoods.co or calling +972-54-721-5315 by February 7, 2024..
Is Save Foods, Inc. a risky investment based on this filing?
Based on this DEF 14A, Save Foods, Inc. presents a moderate-risk profile. The filing is a routine proxy statement for a special meeting, with no immediate financial or operational risks indicated.
What should investors do after reading Save Foods, Inc.'s DEF 14A?
Stockholders should review the proxy materials carefully and vote their shares to ensure their voice is heard on company matters. The overall sentiment from this filing is neutral.
How does Save Foods, Inc. compare to its industry peers?
Save Foods, Inc. operates in the agriculture chemicals sector, focusing on solutions for food preservation and waste reduction.
Are there regulatory concerns for Save Foods, Inc.?
This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
Industry Context
Save Foods, Inc. operates in the agriculture chemicals sector, focusing on solutions for food preservation and waste reduction.
Regulatory Implications
This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Review the proxy statement for details on agenda items and voting procedures.
- Confirm attendance or submit proxy vote by the specified deadlines.
- Contact David Palach or the company for any clarification regarding the meeting or voting process.
Key Dates
- 2024-02-08: Special Meeting of Stockholders — Key date for Save Foods, Inc. stockholders to vote on company matters.
- 2024-01-09: Filing Date — Date Save Foods, Inc. filed this Definitive Proxy Statement (DEF 14A).
Year-Over-Year Comparison
This is a DEF 14A filing, indicating a definitive proxy statement for a special meeting, distinct from regular periodic filings.
Filing Stats: 4,802 words · 19 min read · ~16 pages · Grade level 11.9 · Accepted 2024-01-09 10:59:44
Key Financial Figures
- $0.0001 — consist of our common stock, par value $0.0001 per share (the “Common Stock&rdqu
- $100,000 — ther executive officer earning at least $100,000 during 2023, (iii) all of our current d
Filing Documents
- formdef14a.htm (DEF 14A) — 186KB
- formdef14a_001.jpg (GRAPHIC) — 7KB
- formdef14a_002.jpg (GRAPHIC) — 9KB
- 0001493152-24-001796.txt ( ) — 210KB
From the Filing
DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 SAVE FOODS, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Fee paid previously with preliminary materials. SAVE FOODS, INC. January 9, 2024 Dear Stockholder: You are cordially invited to attend the special meeting of stockholders of Save Foods, Inc. (the “Company”) to be held at 2:30 p.m., Israel time (9:30 a.m. EST), on February 8, 2024, at the offices of The Crone Law Group, P.C., located at 28 HaArba’a Street, South Tower, 19 th floor, Tel Aviv, Israel. In order to facilitate your attendance at the special meeting, we strongly encourage you to advise David Palach, our chief executive officer, by email at david@savefoods.co or telephone at +972-54-721-5315 if you plan to attend the meeting prior to 11:59 p.m., Israel time (4:59 p.m. EST), on February 7, 2024, so that we can timely provide your name to building security. In the event that you do not advise us ahead of time that you will be attending the special meeting, we encourage you to arrive at the meeting no later than 2:00 p.m., Israel time (9:00 a.m. EST), in order to ensure that you are able to pass through security prior to the start of the meeting. Your vote is very important, regardless of the number of shares of our voting securities that you own. I encourage you to vote by telephone, over the Internet, or by marking, signing, dating and returning your proxy card so that your shares will be represented and voted at the special meeting, whether or not you plan to attend. If you attend the special meeting, you will, of course, have the right to revoke the proxy and vote your shares in person. If your shares are held in the name of a broker, trust, bank or other intermediary, and you receive notice of the special meeting through your broker or through another intermediary, please vote or return the materials in accordance with the instructions provided to you by such broker or other intermediary, or contact your broker directly in order to obtain a proxy issued to you by your intermediary holder to attend the meeting and vote in person. Failure to do so may result in your shares not being eligible to be voted by proxy at the meeting. On behalf of the board of directors, I urge you to submit your proxy as soon as possible, even if you currently plan to attend the meeting in person. Thank you for your support of our company. Sincerely, /s/ Amitay Weiss Amitay Weiss Chairman SAVE FOODS, INC. HaPardes 134 (Meshek Sander), Neve Yarak, 4994500 Israel (347) 468 9583 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS To Be Held on February 8, 2024 The Special Meeting of Stockholders (the “Special Meeting”) of Save Foods, Inc., a Nevada corporation (the “Company”), will be held at 2:30 p.m., Israel time (9:30 a.m. EST), on February 8, 2024, at the offices of The Crone Law Group, P.C., located at 28 HaArba’a Street, South Tower, 19 th Tel Aviv, Israel. We will consider and act on the following items of business at the Special Meeting: (1) To approve an amendment to the Articles of Incorporation of the Company, implementing the change of name of the Company from “Save Foods, Inc.” to “N2OFF, Inc.” (the “Name Change Proposal”); (2) To approve the issuance of 20% or more of our issued and outstanding shares of common stock pursuant to the terms of the Standby Equity Purchase Agreement (the “Purchase Agreement”), dated December 22, 2023, between the Company and YA II PN, Ltd., so that such issuances are made in accordance with Nasdaq Marketplace Rule 5635(d) (the “Nasdaq 20% Share Issuance Proposal”); and (3) Such other business as may properly come before the Special Meeting. Stockholders are referred to the Proxy Statement accompanying this notice for more detailed information with respect to the matters to be considered at the Special Meeting. After careful consideration, THE BOARD OF DIRECTORS OF THE COMPANY UNANIMOUSLY RECOMMENDS THAT YOU VOTE “ FOR ” the Name Change Proposal (Proposal 1); and FOR the approval of the Nasdaq 20% Share Issuance Proposal (Proposal 2) . The board of directors has fixed the close of business on January 2, 2024, as the record date (the