---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-014741"
form_type: "8-K"
ticker: "NXTS"
cik: "0001789192"
company_name: "Nexentis Technologies Inc."
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:21:45.687147+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# N2OFF issues $1.5M promissory note to YA II PN, net $1.455M after 3% OID

## Summary
- 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%.

## SEC filing metadata
- accession: 0001493152-24-014741
- form_type: 8-K
- ticker: NXTS
- cik: 0001789192
- company_name: Nexentis Technologies Inc.
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/0001493152-24-014741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-014741
- JSON: https://secwatch.observer/filing/0001493152-24-014741.json
- Plain text: https://secwatch.observer/filing/0001493152-24-014741.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/0001493152-24-014741-index.htm
- Material Agreements
  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
  source text: 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 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/0001493152-24-014741-index.htm

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