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N2OFF, Inc. (NASDAQ:NITO) reported Monday that it issued 35,000 shares of common stock to a consultant as compensation for investor relations services. The issuance was made on January 8 under a new consulting agreement.
According to a statement in the company’s SEC filing, the shares were issued without registration under the Securities Act of 1933, relying on Section 4(a)(2) as a transaction not involving a public offering.
N2OFF, based in Neve Yarak, Israel, is listed on the Nasdaq Capital Market. The company is classified under agriculture chemicals. The filing did not disclose the identity of the consultant or the value of the shares issued.
This information is based on a press release statement included in the company’s SEC filing.
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