debt
confidence high
sentiment neutral
materiality 0.35
N2OFF loans $250K to MitoCareX, pending acquisition funding
Nexentis Technologies Inc.
- $250,000 loan to MitoCareX Bio Ltd., 6-month term, interest at Israel tax rate + 3%.
- Loan guaranteed by L.I.A. Pure Capital Ltd.
- Second $250K loan to MitoCareX; prior loan dated Dec 22, 2024.
- Loan intended to cover MitoCareX costs until closing of Feb 2025 acquisition agreement.
- If acquisition closes, outstanding loan amount deducted from first-year allocation to MitoCareX.