---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011251"
form_type: "8-K"
ticker: "NXTS"
cik: "0001789192"
company_name: "Nexentis Technologies Inc."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:16:25.239446+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Save Foods and Plantify Foods exchange 19.99% equity; Save Foods lends C$1.5M convertible debenture

## Summary
- Save Foods and Plantify exchange 19.99% of each other's common stock.
- Save Foods lends C$1,500,000 to Plantify via 8% convertible debenture due Oct 2024.
- Dr. Roy Borochov, Plantify CEO, appointed to Save Foods board; Amitai Weiss to Plantify board.
- Debenture conversion price: C$0.05/share in first year, C$0.10 thereafter; if converted, Save Foods would hold ~28.56% of Plantify.
- Closing occurred April 5, 2023; debenture subject to Plantify shareholder approval and TSXV acceptance.

## SEC filing metadata
- accession: 0001493152-23-011251
- form_type: 8-K
- ticker: NXTS
- cik: 0001789192
- company_name: Nexentis Technologies Inc.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/0001493152-23-011251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011251
- JSON: https://secwatch.observer/filing/0001493152-23-011251.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011251.txt

## Key facts
- Executive change
  Dr. Roy Borochov was appointed as Class II director at Nexentis Technologies Inc..
  - Action: appointed
  - Role: Class II director
  source text: Save Foods agreed to appoint, effective upon the Closing of the Agreement, Dr. Roy Borochov, Chief Executive Officer of Plantify, as a Class II director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/0001493152-23-011251-index.htm
- Material Agreements
  Nexentis Technologies Inc. entered into Debenture with Plantify Foods, Inc. valued at C$1,500,000.
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Plantify Foods, Inc.
  - Value: C$1,500,000
  source text: In connection with, and contingent upon, the execution of the Agreement, Save Foods and Plantify executed a debenture (the “Debenture”), whereby Save Foods agreed to lend C$1,500,000 to Plantify (the “Principal”), which Principal will accrue interest at a rate of 8% annually and will be repayable by Plantify over approximately 18 months.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/0001493152-23-011251-index.htm
- Material Agreements
  Nexentis Technologies Inc. entered into Securities Exchange Agreement with Plantify Foods, Inc. (effective 2023-03-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Plantify Foods, Inc.
  - Effective: 2023-03-31
  source text: On March 31, 2023, Save Foods, Inc. (the “Company” or “Save Foods”), entered into a securities exchange agreement (the “Agreement”), with Plantify Foods, Inc., a British Columbia company (“Plantify”), pursuant to which each of the respective parties agreed to issue to the opposite party 19.99% of its issued and outstanding capital stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/0001493152-23-011251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.