m_and_a
confidence high
sentiment neutral
materiality 0.55
N2OFF extends acquisition deadline for MitoCareX by 90 days and provides additional $250K loan
Nexentis Technologies Inc.
- Amendment to Securities Purchase and Exchange Agreement extends closing deadline by 90 days to 180 days from Feb 25, 2025.
- Third loan agreement provides $250,000 to MitoCareX, maturing in 6 months, with interest at Israel Tax Authority rate +3%.
- Amendments to two prior $250,000 loans each extend their maturity by 180 days.
- New loan guaranteed by L.I.A. Pure Capital and will be deducted from future allocation if acquisition closes.
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