N2OFF Announces Strategic Initiatives Intended To Maximize Shareholder Value Including Spin-Off Of Cleantech Activities
Portfolio Pulse from Benzinga Newsdesk
N2OFF, Inc. (NASDAQ:NITO) announced strategic initiatives to enhance shareholder value, including a potential spin-off of its cleantech operations, an acquisition in computational drug discovery, and securing a €6 million credit line.
October 02, 2024 | 12:38 pm
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N2OFF, Inc. is considering a spin-off of its cleantech operations, acquiring a drug discovery company, and has secured a €6 million credit line. These initiatives aim to maximize shareholder value.
The spin-off could unlock value by creating a focused cleantech entity, while the acquisition opens new market opportunities in drug discovery. The credit line provides financial flexibility. These actions are likely to positively impact N2OFF's stock price.
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