secwatch.observer — SEC 8-K summary
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Issuer:     Nexentis Technologies Inc. (NXTS)
CIK:        0001789192
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001493152-24-049464
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

N2OFF raises $1.5M in private placement; acquires 65% of Plantify via debt settlement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789192/000149315224049464/0001493152-24-049464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789192/000149315224049464/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049464

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