secwatch.observer — SEC 8-K summary
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Issuer:     SATIVUS TECH CORP. (SATT)
CIK:        0001661600
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001213900-23-009539
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Sativus Tech subsidiary signs $2M investment deal with South Korean investor
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- Saffron Tech signs SPA for $2M investment: $1M upfront at $10.7M pre-money, deferred $1M on milestones.
- Investor gets 793,650 preferred shares, 9.35% stake; Sativus retains 58.92% after Initial Closing.
- Deferred $1M contingent on successful saffron cultivation, POC verification, and $2M financing or TASE listing.
- Proceeds to fund R&D, commercial production tech, and IP protection; closing expected by end of Feb 2023.
- Agreement subject to Saffron Tech shareholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1661600/000121390023009539/0001213900-23-009539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1661600/000121390023009539/ea172959-8k_sativustech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009539

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