N2OFF Grants Nasdaq Compliance Extension by Investing.com

Neve Yarak, Israel – N2OFF (NASDAQ: NITO), a clean technology company specializing in sustainable energy solutions and agricultural technology, has been granted an additional 180-day period, until July 7, 2025, to meet Nasdaq’s minimum bid price requirements, the company announced Tuesday. The stock is currently trading at $1.37, and has shown notable momentum with a 452% rise in the past week. The Nasdaq Listing Qualifications Department has provided formal notice that N2OFF has until the specified date to ensure that the closing price of its common stock is at least $1.00 per share for at least 10 consecutive trading days. InvestingPro The data reveals 12 additional investment ideas about NITO’s current market position.

Consistent with Nasdaq Marketplace Rule 5810(c)(3)(A), the extension was granted based on N2OFF’s compliance with the market value of publicly held shares and all other initial listing criteria on the Nasdaq Capital Market, excluding the offering price. . The company, which has a market capitalization of $15.63 million, maintains a strong financial position with no debt and a healthy current ratio of 6.52, according to InvestingPro analysis. The Company has expressed its intention to resolve the shortfall in the offering price and may consider a reverse stock split if necessary.

The notice from Nasdaq currently does not impact the listing or trading of N2OFF shares, with the shares continuing to be listed on the Nasdaq Capital Market under the ticker symbol NITO. The stock has shown significant volatility, trading between $0.16 and $3.49 over the past 52 weeks.

N2OFF, formerly Save Foods, Inc., focuses on integrated solutions to reduce greenhouse gas emissions and improve safety and quality in the agricultural technology market. NTWO OFF Ltd. provides Its majority-owned subsidiary in Israel has developed a new approach to reducing nitrous oxide emissions. The company has also recently entered the solar PV market, supporting Solterra Renewable Energy Ltd. In a project with a capacity of 111 MW.

The Company maintains a minority stake in Plantify Foods, Inc., a Canadian company trading on the TSXV that offers clean-label, healthy food options.

This announcement contains forward-looking statements that are subject to risks and uncertainties, including market conditions, as detailed in N2OFF’s annual report and Securities and Exchange Commission filings. The Company undertakes no obligation to update this data in light of new information or future events. This article is based on a press release.

In other recent news, N2OFF, Inc. Great strides in both the renewable energy and agricultural sectors. The company completed a private placement of securities, generating gross proceeds of $1.5 million. N2OFF also completed the sale of new shares and warrants, contributing additional capital to support its operations.

In a strategic move, N2OFF has expanded into the European energy storage market through a partnership with its Italian subsidiary Solterra Ltd. The company has also made significant progress on its solar PV project in Germany, receiving key approval from the Mills Municipal Committee.

N2OFF also settled outstanding debt by acquiring a majority stake in Plantify Foods, Inc. Furthermore, N2OFF subsidiary Save Foods Ltd. has signed a non-binding letter of intent with an Ethiopian federal entity, GENSIS PM TDC, which could generate significant revenues.

InvestingPro analysts expect N2OFF revenue growth of approximately 31% in the current year. These developments reflect the company’s recent efforts to strengthen its capital structure and support its business operations. Please note that these developments are current and subject to change.

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