secwatch.observer — SEC 8-K summary
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Issuer:     Nexentis Technologies Inc. (NXTS)
CIK:        0001789192
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001493152-24-014741
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/0001493152-24-014741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789192/000149315224014741/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014741

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