debt
confidence high
sentiment neutral
materiality 0.60
N2OFF draws $1.5M first tranche of $3M advance; issues 8% promissory note due 2026
Nexentis Technologies Inc.
- Received $1.5M on August 12, 2025 from YA II PN as first part of $3M advance under amended Purchase Agreement.
- Promissory Note bears 8% annual interest (18% upon default), matures August 12, 2026.
- Monthly repayments due via cash or equity (SEPA Advance Notices); prepayment allowed with Payment Premium.
- Note issued in unregistered transaction under Section 4(a)(2) of Securities Act.
- Advance was originally disclosed May 12, 2025 and amended July 25, 2025.
item 2.03item 1.01item 3.02item 9.01