other material
confidence high
sentiment neutral
materiality 0.50
N2OFF loans $250K to MitoCareX; issues 650K shares to directors
Nexentis Technologies Inc.
- Loaned $250,000 to MitoCareX Bio Ltd. at Israel Tax Authority rate + 3%, due in six months.
- Loan guaranteed by L.I.A. Pure Capital Ltd. If MitoCareX becomes a subsidiary, outstanding amount deducted from future allocations.
- Issued 650,000 common shares to directors under 2022 Share Incentive Plan on December 23, 2024.
- Board and compensation committee recommended issuance; non-binding stockholder approval received November 13, 2024.