Save Foods Announces the approval by its stockholders of the Nasdaq 20% Share Issuance under the $USD20 Million Standby Equity Purchase Agreement and the Name Change to “N2OFF, INC.”
Save Foods, Inc. (SVFD)
Company Research
Source: GlobeNewswire
Neve Yarak, Israel, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W), a pioneer in sustainable solutions for agriculture, announced today the results of its special meeting of stockholders held on Thursday, February 8. 2024. At this special meeting, our stockholders approved the issuance of 20% or more of the Company’s issued and outstanding shares of common stock under the standby equity purchase agreement (the “SEPA”) the Company entered on December 22, 2023 with YA II PN, Ltd. (“YA”), a fund managed by Yorkville Advisors Global, LP., so that such issuances are made in compliance with the listing rules of the Nasdaq Capital Market (the “Nasdaq 20% Share Issuance Approval”). Under the terms of SEPA, YA has agreed to purchase up to $20 million of the Company’s shares of common stock over the next thirty-six-month period. In addition, our stockholders approved the change of the Company's name to “N2OFF, Inc.” which corresponds to our plan for rebranding.
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News
- Save Foods Announces Corporate Rebranding Changes Name to N2OFF Inc. to Reflect Core Values of its Business [Yahoo! Finance]Yahoo! Finance
- Save Foods Announces Corporate Rebranding Changes Name to N2OFF Inc. to Reflect Core Values of its BusinessGlobeNewswire
- Save Foods and Citrus Tree Treat Over 20 Tons of Fruit in the Brazilian Market [Yahoo! Finance]Yahoo! Finance
- Save Foods and Citrus Tree Treat Over 20 Tons of Fruit in the Brazilian MarketGlobeNewswire
- Save Foods gets regulatory nod in California for its pre-harvest product [Seeking Alpha]Seeking Alpha
SVFD
Sec Filings
- 3/19/24 - Form 8-K
- 2/21/24 - Form 8-K
- 2/12/24 - Form 8-K
- SVFD's page on the SEC website