Save Foods amends stock exchange agreement, parent to receive NewCo shares instead of subsidiary

Nexentis Technologies Inc.

Second Amendment to Stock Exchange Agreement dated August 13, 2023.
NewCo Exchange Shares (60% of NewCo) will be issued to Save Foods, Inc. rather than Save Foods Ltd.
Parties continue to form NewCo with Israeli regulators; closing expected in near term.
Original deal in July: 1,561,051 Save Foods shares issued to Yaaran for 60% of NewCo pre-closing.

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. amended Stock Exchange Agreement (as amended by First Amendment and Second Amendment) with Yaaran Investments Ltd. valued at Issuance of 1,561,051 Save Foods Exchange Shares and NewCo Exchange Shares representing 60% of NewCo (effective 2023-08-13).

Action: amendment
Agreement: merger
Counterparty: Yaaran Investments Ltd.
Value: Issuance of 1,561,051 Save Foods Exchange Shares and NewCo Exchange Shares representing 60% of NewCo
Effective: 2023-08-13

Exact text from the filing

On August 13, 2023, the Parties entered into a second amendment to the Agreement whereby the Parties agreed that upon the formation of NewCo, the NewCo Exchange Shares will be issued to the Company, instead of the Company’s subsidiary, Save Foods Ltd.

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Nexentis Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-029158

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