other material
confidence high
sentiment negative
materiality 0.65
N2OFF sells 100% stake in NTWO OFF Ltd. for 15,000 NIS (~$4,000)
Nexentis Technologies Inc.
- Sold 4,200,000 shares of NTWO (100% ownership) to Yaaran Investments for 15,000 NIS.
- Prior stock exchange agreement from July 2023 is nullified; all obligations cancelled.
- Directors David Palach and Udi Kalifi resigned from NTWO's board upon closing.
- Company exits its investment in NTWO for nominal consideration.