debt
confidence high
sentiment neutral
materiality 0.70
N2OFF secures up to $3M debt facility via Purchase Agreement with YA II PN
Nexentis Technologies Inc.
- Up to $3M in two tranches: $1.5M after SEC filing, $1.5M after effectiveness.
- Notes bear 8% interest, mature 12 months; $150k monthly principal+interest due starting day 61.
- Company pays $15k structuring fee and issues 675,675 commitment shares (~$300K value at pre-deal close).
- Default interest 18%; prepayment allowed with 5% premium; debt may be repaid via SEPA advances.
- ~$16M remains under existing SEPA, but new registration needed to draw further.