Nexentis Technologies Inc. (NXTS): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nexentis Technologies Inc. incurred convertible notes of $3,000,000 with YA II PN, Ltd. at 8% per annum maturing 12 months from issuance.

Instrument: convertible notes
Principal: $3,000,000
Counterparty: YA II PN, Ltd.
Rate: 8% per annum
Maturity: 12 months from issuance
Event: incurrence

Exact text from the filing

a Purchase Agreement (the “Agreement”) with YA II PN, Ltd. (the “Investor”) pursuant to which the Investor committed to advance the Company the aggregate principal amount of $3,000,000, of which (i) up to $1,500,000 will be made available within 60 days following the date a new registration statement has been filed by the Company with the Securities and Exchange

View on SEC.gov

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Nexentis Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-009993

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