---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-035754"
form_type: "8-K"
ticker: "NXTS"
cik: "0001789192"
company_name: "Nexentis Technologies Inc."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:06:53.100703+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Save Foods completes 1-for-7 reverse stock split to regain Nasdaq compliance

## Summary
- Reverse stock split ratio of 1-for-7 effective October 5, 2023; trading on post-split basis begins October 6.
- Approved by 55.5% of voting power at annual meeting; board set ratio at 1-for-7.
- Pre-split shares: 9,915,637 outstanding; post-split approximately 1,416,520 shares (fractional shares rounded up).
- Split intended to regain minimum bid price of $1.00 per share for continued Nasdaq listing by October 23, 2023.
- No change to authorized shares, par value, or relative ownership percentages; adjustments to equity awards and convertible securities.

## SEC filing metadata
- accession: 0001493152-23-035754
- form_type: 8-K
- ticker: NXTS
- cik: 0001789192
- company_name: Nexentis Technologies Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789192/000149315223035754/0001493152-23-035754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789192/000149315223035754/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-035754
- JSON: https://secwatch.observer/filing/0001493152-23-035754.json
- Plain text: https://secwatch.observer/filing/0001493152-23-035754.txt

## Key facts
- Governance Changes
  Nexentis Technologies Inc.: Amendment to Certificate of Incorporation to effect a 1-for-7 reverse stock split to regain Nasdaq compliance (effective 2023-10-05).
  - Change: charter amendment
  - Effective: 2023-10-05
  source text: On October 4, 2023, the Company filed the Certificate of Amendment with the Secretary of State of the State of Delaware, to effect the Reverse Stock Split. The Certificate of Amendment became effective on October 5, 2023, at 9 a.m. Eastern Daylight time (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223035754/0001493152-23-035754-index.htm

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