Save Foods, Inc. Files S-1/A Amendment

Ticker: NXTS · Form: S-1/A · Filed: Feb 2, 2024 · CIK: 1789192

Complexity: moderate

Sentiment: neutral

Topics: Save Foods, S-1/A, SEC Filing, Amendment, Corporate Update

TL;DR

<b>Save Foods, Inc. has filed an S-1/A amendment, providing updated corporate and financial information.</b>

AI Summary

Save Foods, Inc. (NXTS) filed a Amended IPO Registration (S-1/A) with the SEC on February 2, 2024. Filing is an S-1/A amendment for Save Foods, Inc. Company's principal business address is 156 Fifth Avenue, 10th Floor, New York, NY. The company was formerly known as Save Foods Inc. and changed its name on September 24, 2019. Fiscal year end is December 31. Incorporated in Nevada.

Why It Matters

For investors and stakeholders tracking Save Foods, Inc., this filing contains several important signals. This filing is an amendment to a previous registration statement, indicating ongoing efforts to provide updated disclosures to investors. The inclusion of detailed financial statement periods (e.g., 2021, 2022, and Q1-Q3 2023) suggests a need for current financial data for potential investors or regulatory review.

Risk Assessment

Risk Level: — Save Foods, Inc. shows moderate risk based on this filing. The filing is an S-1/A, which is an amendment to a registration statement, suggesting it's an update rather than a new offering, thus carrying lower immediate risk.

Analyst Insight

Monitor for further amendments or prospectuses to understand the specific purpose and details of the S-1/A filing.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

When did Save Foods, Inc. file this S-1/A?

Save Foods, Inc. filed this Amended IPO Registration (S-1/A) with the SEC on February 2, 2024.

What is a S-1/A filing?

A S-1/A is a amendment to an IPO registration statement, typically incorporating SEC feedback. This particular S-1/A was filed by Save Foods, Inc. (NXTS).

Where can I read the original S-1/A 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 S-1/A?

Save Foods, Inc. filed this S-1/A on February 2, 2024. Key takeaways: Filing is an S-1/A amendment for Save Foods, Inc.. Company's principal business address is 156 Fifth Avenue, 10th Floor, New York, NY.. The company was formerly known as Save Foods Inc. and changed its name on September 24, 2019..

Is Save Foods, Inc. a risky investment based on this filing?

Based on this S-1/A, Save Foods, Inc. presents a moderate-risk profile. The filing is an S-1/A, which is an amendment to a registration statement, suggesting it's an update rather than a new offering, thus carrying lower immediate risk.

What should investors do after reading Save Foods, Inc.'s S-1/A?

Monitor for further amendments or prospectuses to understand the specific purpose and details of the S-1/A filing. The overall sentiment from this filing is neutral.

How does Save Foods, Inc. compare to its industry peers?

Save Foods, Inc. operates within the Agriculture Chemicals sector, SIC code 2870.

Are there regulatory concerns for Save Foods, Inc.?

The filing is an S-1/A under the Securities Act of 1933, indicating it relates to the registration of securities.

Industry Context

Save Foods, Inc. operates within the Agriculture Chemicals sector, SIC code 2870.

Regulatory Implications

The filing is an S-1/A under the Securities Act of 1933, indicating it relates to the registration of securities.

What Investors Should Do

  1. Review the full S-1/A filing for specific details on the purpose of the amendment.
  2. Track any subsequent filings for further updates or disclosures.
  3. Research the company's business operations and financial health based on available filings.

Year-Over-Year Comparison

This is an S-1/A filing, which is an amendment to a previous registration statement. Specific comparative data from a prior filing is not detailed here.

Filing Stats: 4,655 words · 19 min read · ~16 pages · Grade level 15.8 · Accepted 2024-02-02 10:00:28

Key Financial Figures

Filing Documents

Risk Factors

Risk Factors 7 Cautionary Statement Regarding Forward-Looking Statements 27

Use of Proceeds

Use of Proceeds 28 Determination of Offering Price 28 Market Price of and Dividends on the Company's Common Equity and Related Stockholder Matters 28 Selling Stockholder 34 Plan of Distribution 34

Management's Discussion and Analysis of Financial Condition and Related Stockholder Matters

Management's Discussion and Analysis of Financial Condition and Related Stockholder Matters 36 Our Business 48 Management 73

Executive Compensation

Executive Compensation 77

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 79 Certain Relationships and Related Transactions, and Director Independence 80

Description of Securities

Description of Securities 81 Shares Eligible for Future Sale 82 Legal Matters 83 Experts 83 Disclosure of Commission Position on Indemnification for Securities Act Liabilities 83 Where You Can Find More Information 83 Index to Financial Statements F-1 You should rely only on the information contained in this prospectus. Neither we, nor the Selling Stockholder have authorized anyone to provide information different from that contained in this prospectus. The Selling Stockholder is offering to sell, and seeking offers to buy, shares of Common Stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our Common Stock. PROSPECTUS SUMMARY This summary highlights selected information contained elsewhere in this prospectus. This summary does not contain all the information that you should consider before investing in our securities. You should carefully read the entire prospectus and the information contained in or incorporated by reference into this prospectus, including "Risk Factors," "Selected Financial Data", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our Financial Statements, before making an investment decision. Unless noted otherwise, all share and the price per share information in this prospectus for all periods presented reflect the reverse stock split of our outstanding Common Stock at a ratio of 1-for-7, which became effective as of October 5, 2023. On the opening of the market on October 6, 2023, our Common Stock began trading on the Nasdaq Capital Market on a post-reverse stock split basis. Overview We are an agri-food tech company specializing in eco crop protection that helps reduce food waste and ensure food safety while reducing the use of pesticides. We develop eco-friendly "green" solutions for the f

Use of Proceeds

Use of Proceeds We will not receive any proceeds from the sale of the Common Stock by the Selling Stockholder in this offering. We may receive up to $20 million in gross proceeds from any sales we may make to the Selling Stockholder pursuant to the Purchase Agreement from time to time for up to thirty-six months from the date of the Purchase Agreement after the registration statement of which this prospectus forms a part is declared effective. Any net proceeds from the Selling Stockholder that we receive under the Purchase Agreement will be used to make any payments due under an outstanding Note, for general corporate purposes, capital expenditures, working capital and general and administrative expenses. Nasdaq symbol Our Common Stock trades on the Nasdaq Capital Market under the symbol "SVFD".

Risk Factors

Risk Factors See " Risk Factors " beginning on page 7 and the other information included elsewhere in this prospectus for a discussion of factors you should carefully consider before deciding to invest in our equity securities. 4 The number of shares of Common Stock to be outstanding after this offering is based on 2,955,490 shares of Common Stock outstanding as of January 29, 2024. Except as otherwise noted, all references to share and per share numbers of Common Stock contained in this prospectus are reflected on a post-split basis for all periods presented and reflect the Company's 1:7 reverse stock split of its Common Stock that became effective on October 5, 2023. Summary

Risk Factors

Risk Factors Our business is subject to numerous risks and uncertainties, any one of which could have a materially adverse effect on our results of operations, financial condition or business. These risks include, but are not limited to, those listed below. This list is not complete, and should be read together with the section titled " Risk Factors " below: We have a history of operating losses and expect to incur additional losses in the future. We may need to raise significant additional capital, which we may be unable to obtain. Because of our limited operating history, we may not be able to successfully operate our business or execute our business plan. Our customers require that our products undergo a lengthy testing period without any assurance of sales. Our products and technology require additional trials. The commercial success of our new generation products, as well as any future products, depend upon the degree of market acceptance by the packing house community as well as by other prospect markets and industries. We may face significant competition from other companies looking to develop or acquire new alternative environmentally friendly solutions for the treatment of fruits and vegetables, and other edible matter. Our success is dependent upon the acceptance of our environmentally friendly solutions for fruits and vegetables. We may be unable to respond effectively to technological changes in our industry, which could reduce the demand for our products. We currently rely on a limited number of suppliers to produce certain key components of our products. If we are unable to establish sales, marketing and distribution capabilities or enter into successful relationships with third parties to perform these services, we may not be successful in commercializing our products. We rely on rapidly establishing a global distributorship network in order to effectively market our products. The results of our early tests may not be indic

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