N2OFF announces 1-for-35 reverse stock split effective Sept 22

NEVE YARAK, Israel - N2OFF, Inc. (NASDAQ:NITO), a clean tech company focused on sustainable energy and agri-tech solutions, announced Thursday that its Board of Directors has approved a one-for-35 reverse stock split of its common stock, effective September 22, 2025. The company’s stock, currently trading at $0.20, has seen its share price decline 33% over the past six months, according to InvestingPro data.

Following the split, N2OFF’s common stock will continue trading on the Nasdaq Capital Market under the same symbol but with a new CUSIP number 80512Q501.

The reverse split aims to increase the company’s per share price to regain compliance with Nasdaq’s continued listing requirements and potentially attract institutional investors, according to the company’s statement based on a press release.

Upon implementation, every 35 shares of outstanding common stock will convert to one share. The company will round up fractional shares to the next whole share. While the number of authorized shares will remain unchanged, outstanding shares will decrease from approximately 33 million to about 953,000. With a current ratio of 4.73, InvestingPro data shows the company maintains strong short-term liquidity despite its market challenges.

The split will also proportionally adjust the exercise price and number of shares issuable upon exercise of outstanding options and warrants.

N2OFF stockholders previously approved the potential for a reverse split at a ratio between 1-for-2 and 1-for-35 during a Special Meeting on June 28, 2024.

Stockholders holding shares in book-entry form or through brokers need not take action. Those with physical stock certificates will receive exchange instructions from the company’s transfer agent, Securities Transfer Corporation.

In other recent news, N2OFF, Inc. has reported significant progress on several renewable energy projects across Europe. The company, in partnership with Solterra Renewable Energy Ltd., is advancing three key solar and energy storage projects. Additionally, N2OFF has completed the second installment of a $2.7 million investment for the development of two Battery Energy Storage Systems in Sicily, Italy. These projects have a combined capacity of approximately 196 MWp, with over $1.2 million invested so far in its Italian subsidiary.

N2OFF also announced a new loan agreement involving $372,000 with MitoCareX Bio Ltd. and L.I.A. Pure Capital Ltd. The loan, guaranteed by L.I.A. Pure Capital Ltd., has a six-month term with an interest rate reflecting the U.S. dollar exchange rate fluctuation plus 3%. These developments highlight N2OFF’s ongoing commitment to expanding its renewable energy initiatives and financial collaborations.

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