Save Foods Stockholders Approve Name Change and Stock Issuance

Save Foods (SVFD) has released an update to notify the public and investors about the submission of matters to a vote of security holders.

Save Foods, Inc., a Nevada-based corporation, successfully conducted a special meeting of stockholders, with a 58.01% representation of its common stockholders. During this meeting, two major proposals were voted upon and approved. The first was a name change from “Save Foods, Inc.” to “N2OFF, Inc.,” and the second authorized the issuance of over 20% of the company’s common stock in a private offering, in line with Nasdaq’s Listing Rule 5635. These decisions mark significant corporate actions that could have an impact on the company’s future operations and stock market presence.

For further insights into SVFD corporate activity, check out TipRanks’ Insiders Trading Activity page.

For a comprehensive understanding of the announcement, you can read the full document here.