N2OFF, Inc., a Nevada-based corporation, announced on May 12, 2025, that it has entered into a significant Purchase Agreement with YA II PN, Ltd., wherein the investor has committed to advancing a total of $3,000,000 to the company. The agreement stipulates that up to $1,500,000 will be available within 60 days after N2OFF files a new registration statement with the SEC, with an additional $1,500,000 available within 60 days of the SEC declaring the statement effective. As part of the agreement, N2OFF issued 675,675 shares, valued at $300,000, to the investor and paid a structuring fee of $15,000. The agreement includes financial stipulations such as a prepayment premium of 5% and default interest at 18% per annum, emphasizing the company's efforts to bolster its financial standing and continued growth.
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