N2OFF, Inc. disclosed that its ownership of Plantify Foods, Inc. fell to 9% after a private placement closed on February 18 2026, down from the 23.6% stake it held before the transaction. The dilution reduces N2OFF’s voting influence in Plantify’s board and strategic decisions.
The private placement raised capital for Plantify to cover transaction costs, repay certain creditors, fund due diligence and other expenses related to a potential new business acquisition, and support an estimated 12 months of overhead. The move signals Plantify’s intent to pursue growth through acquisitions and to strengthen its balance sheet.
N2OFF’s own financial performance has been challenging, with recent periods marked by losses and negative revenue growth. The dilution may reflect a strategic shift for N2OFF, which has indicated it may acquire additional securities of Plantify or dispose of existing holdings, keeping its options open while managing its own capital constraints.
Historically, N2OFF’s stake in Plantify has fluctuated sharply: it held approximately 65% after a debt settlement in November 2024, dropped to 24.9% by January 2025, and settled at 23.6% before the February 18 placement. This pattern illustrates a dynamic relationship and a gradual divestiture of N2OFF’s controlling interest.
The reduction in ownership percentage is material because it alters N2OFF’s voting power and potential influence over Plantify’s strategic direction, and it reflects Plantify’s broader capital‑raising strategy to support future acquisitions.
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