M&A
confidence high
sentiment negative
materiality 0.70
N2OFF files MitoCareX audited financials; target had $886K net loss, going concern doubt in 2024
Nexentis Technologies Inc.
- MitoCareX net loss for 2024 was $886K, accumulated deficit $1,760K; cash used in operations $797K.
- Auditor notes substantial doubt about MitoCareX's ability to continue as a going concern.
- MitoCareX had short-term loan of $250K from N2OFF at 3% due Dec 2024; second $250K loan in Mar 2025.
- Unaudited pro forma combined financials filed for six months ended Jun 30, 2025 and year ended Dec 31, 2024.
- Updated business description and risk factors filed to supplement prior disclosures.