---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046104"
form_type: "8-K"
ticker: "NXTS"
cik: "0001789192"
company_name: "Nexentis Technologies Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:26:30.328875+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Save Foods secures up to $20M equity line from YA II PN; appoints Asaf Itzhaik to board

## Summary
- Enters Standby Equity Purchase Agreement with YA II PN for up to $20M of common stock over 36 months.
- Shares priced at 94% of lowest 3-day VWAP; pre-advance of $3M via 8% promissory note with 3% discount.
- Issues 110,554 commitment shares and pays $10,000 structuring fee to YA II PN.
- Appoints Asaf Itzhaik as Class II director effective Dec 20, 2023, replacing Dr. Roy Borochov who resigned Dec 15.
- Investor capped at 4.99% beneficial ownership; Exchange Cap of 19.99% unless stockholder approval or price above $1.77.

## SEC filing metadata
- accession: 0001493152-23-046104
- form_type: 8-K
- ticker: NXTS
- cik: 0001789192
- company_name: Nexentis Technologies Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789192/000149315223046104/0001493152-23-046104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789192/000149315223046104/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046104
- JSON: https://secwatch.observer/filing/0001493152-23-046104.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046104.txt

## Key facts
- Executive change
  Dr. Roy Borochov resigned as Director at Nexentis Technologies Inc..
  - Action: resigned
  - Role: Director
  source text: to replace Dr. Roy Borochov who resigned from the Board on December 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223046104/0001493152-23-046104-index.htm
- Executive change
  Asaf Itzhaik was appointed as Class II Director at Nexentis Technologies Inc..
  - Action: appointed
  - Role: Class II Director
  source text: On December 20, 2023, the board of directors of the Company (the “Board”) appointed Asaf Itzhaik to the Board, effective immediately,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315223046104/0001493152-23-046104-index.htm

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