On Dec 22, Save Foods Inc Entered Into Standby Equity Purchase Agreement With YA II PN, Ltd; Pursuant To Purchase Agreement Investor Agreed To Purchase Up To $20M Of Co's Shares Over Course Of 36 Months After Date Of Agreement
Portfolio Pulse from Benzinga Newsdesk
Save Foods Inc has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. Under the agreement, the investor has committed to purchasing up to $20 million of the company's shares over a 36-month period following the date of the agreement.
December 26, 2023 | 5:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Save Foods Inc's agreement with YA II PN, Ltd for a $20 million equity purchase over 36 months could provide financial stability and support for growth.
The agreement with YA II PN, Ltd is likely to have a positive short-term impact on Save Foods Inc's stock price as it provides a significant amount of potential financing, which could be used for growth and operational activities. This deal indicates investor confidence in the company and may be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100