M&A
confidence high
sentiment neutral
materiality 0.70
N2OFF raises $1.5M in private placement; acquires 65% of Plantify via debt settlement
Nexentis Technologies Inc.
- Gross proceeds of ~$1.5M from 6.25M units at $0.24/unit; each unit includes common stock and warrants.
- Plantify issued 2.42M shares to N2OFF at CDN$0.848/share to settle CDN$2.05M debt; N2OFF now owns 65% of Plantify.
- Common warrants have 5-year term, exercise price $0.24; pre-funded warrants have $0.00001 exercise price, no expiration.
- Pure Capital agreed not to exercise its facility warrant until stockholder approval; resale registration filing deadline extended.