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0.00554894966309931 0.0855132778438365 -0.00911613158937782 0.0107015457788346 -0.0289338089575903 -0.0285374554102261 -0.0289338089575903 0.019421323820848
Stock impact report

N2OFF Announces Strategic Initiatives Intended to Maximize Shareholder Value

N2OFF, Inc. (NITO) 
Company Research Source: GlobeNewswire
Neve Yarak, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (“N2OFF” or the “Company”), a clean tech company engaged in sustainable solutions for the energy and agri-tech industries, announced today key strategic initiatives approved by its board of directors (the “Board”) that are intended to increase shareholder value. Key Highlights of the Board's Initiatives Spin-off of cleantech activities: N2OFF is considering pursuing a potential spin-off of its cleantech operations - NTWO OFF Ltd. and Save Foods Ltd. – into a separate publicly traded company with the intention of listing that spin-off company on a national exchange. In connection with the potential spin-off, N2OFF intends to maintain a controlling stake of at least 75% ownership in Save Foods Ltd. immediately following such spin-off and will appoint all members of the new entity’s board of directors. The timing and terms of any future dividends or distributions related to the new entity will Show less Read more
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