Nexentis Technologies Inc. (NXTS): debt financing — N2OFF issues $1.5M promissory note to YA II PN, net $1.455M after 3% OID

Nexentis Technologies Inc.

Sold $1,500,000 note to YA II PN, Ltd.; proceeds $1,455,000 (3% original issue discount).
Interest 8% per annum, maturity April 4, 2025; monthly principal payments of $150,000 start June 3, 2024.
Payments may be in cash or via shares under existing Standby Equity Purchase Agreement (Dec 22, 2023).
Defaults include Nasdaq delisting and failure to file timely SEC reports; default interest rate 18%.

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 $1,500,000 promissory note with YA II PN, Ltd. at 8% per annum maturing April 4, 2025.

Instrument: loan
Principal: $1,500,000 promissory note
Counterparty: YA II PN, Ltd.
Rate: 8% per annum
Maturity: April 4, 2025
Event: incurrence

Exact text from the filing

On April 4, 2024, N2OFF, Inc., a Nevada corporation (the “Company”), sold a $1,500,000 promissory note (the “Note”) to YA II PN, Ltd. (the “Investor”) in exchange for proceeds of $1,455,000, reflecting an original issue discount of 3% to face value.

View on SEC.gov

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

Nexentis Technologies Inc. entered into Note with YA II PN, Ltd. valued at $1,500,000 promissory note (effective 2024-04-04).

Action: entry
Agreement: notes offering
Counterparty: YA II PN, Ltd.
Value: $1,500,000 promissory note
Effective: 2024-04-04

Exact text from the filing

On April 4, 2024, N2OFF, Inc., a Nevada corporation (the “Company”), sold a $1,500,000 promissory note (the “Note”) to YA II PN, Ltd. (the “Investor”) in exchange for proceeds of $1,455,000, reflecting an original issue discount of 3% to face value .

View on SEC.gov

310 debt financings filed in the last 30 days. Browse all debt financings →

Nexentis Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-014741

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.