other_material
confidence high
sentiment neutral
materiality 0.50
N2OFF (NITO) provides $372K bridge loan to MitoCareX Bio pending acquisition
Nexentis Technologies Inc.
- Loan principal $372,000 from N2OFF to MitoCareX Bio Ltd., term 6 months, interest at Israel Tax Authority USD rate +3%.
- Disbursement in three tranches: $200K at signing, $86K on Sep 15, 2025, $86K on Oct 15, 2025.
- L.I.A. Pure Capital Ltd. guarantees full repayment of principal and interest.
- If acquisition closes, outstanding loan amount deducted from first-year allocation to MitoCareX.
- Loan supports MitoCareX's ongoing costs until acquisition stockholder approval and closing.
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