Save Foods enters $3.5M standby equity purchase agreement with YA II PN

Nexentis Technologies Inc.

Standby Equity Purchase Agreement for up to $3.5M common stock; price at 94% of lowest 3-day VWAP.
Investor issued 183,566 commitment shares and received $10K structuring fee.
Promissory note allows advances up to $700K at 8% interest, subject to shareholder approval.
Advances limited by 4.99% ownership cap and 19.99% exchange cap unless shareholder approval.
Agreement effective until December 1, 2026 or when $3.5M purchased.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nexentis Technologies Inc. entered into Purchase Agreement with YA II PN, Ltd. valued at $3.5 million (effective 2023-07-23).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: $3.5 million
Effective: 2023-07-23

Exact text from the filing

On July 23, 2023, Save Foods, Inc., a Delaware corporation (the “Company”), entered into a Standby Equity Purchase Agreement (the “Purchase Agreement”), with YA II PN, Ltd. (the “Investor”), pursuant to which the Investor has agreed to purchase up to $3.5 million shares of the Company’s common stock

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Nexentis Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-025678

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