Nexentis Technologies Inc. (NXTS): debt financing — Save Foods issues $700K promissory note at 8% interest to YA II PN

Nexentis Technologies Inc.

Principal $700k, purchase price $679k (3% OID), interest 8% per annum.
Monthly payments of one-tenth principal plus interest; first due Dec 31, 2023.
Payments may be in cash or common stock via existing equity purchase agreement.
Proceeds from stock sales under purchase agreement applied first to note payments.

item 1.01 item 2.3 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nexentis Technologies Inc. incurred loan of $700,000 with YA II PN, Ltd. at 8% per annum maturing one year.

Instrument: loan
Principal: $700,000
Counterparty: YA II PN, Ltd.
Rate: 8% per annum
Maturity: one year
Event: incurrence

Exact text from the filing

On October 31, 2023, Save Foods, Inc., a Delaware corporation (the “Company”) issued a one-year promissory note in the principal amount of $700,000 (the “Note”) to YA II PN, Ltd. (the “Investor”)

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Nexentis Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-039146

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