secwatch.observer — SEC 8-K summary
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Issuer:     Nexentis Technologies Inc. (NXTS)
CIK:        0001789192
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011251
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/0001493152-23-011251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789192/000149315223011251/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer