N2OFF INC Stock Price, News & Analysis

N2OFF (NASDAQ: NITO) shareholders have approved the acquisition of MitoCareX Bio Ltd., transforming the company from a cleantech solar energy firm into a biotech focused on cancer therapeutics. The deal structure includes a $700,000 cash payment to SciSparc and share exchanges resulting in sellers receiving 40% of N2OFF's fully diluted capital stock.

MitoCareX specializes in developing treatments for resistant cancers by targeting the mitochondrial SLC25 protein family, utilizing 3D modeling and in-vitro screening systems. The transaction includes milestone-based stock issuances of up to 25% additional shares and commits N2OFF to invest $1 million initially in MitoCareX's operations. The deal is expected to close in early October 2025.

N2OFF (NASDAQ: NITO) has announced a 1-for-35 reverse stock split effective September 22, 2025. The move aims to regain compliance with Nasdaq's continued listing requirements and attract institutional investors. Following the split, the company's outstanding shares will decrease from approximately 33 million to 953 thousand shares.

The reverse split was previously approved by stockholders at a Special Meeting on June 28, 2024. The company's stock will continue trading under the symbol "NITO" with a new CUSIP number 80512Q501. Proportionate adjustments will be made to outstanding options and warrants, and fractional shares will be rounded up to the next whole share.

N2OFF (NASDAQ: NITO) reported significant progress in its European solar and energy storage initiatives. The company's flagship project in Melz, Germany includes a 115 MWp solar PV facility and a 107 MW/214 MWh battery storage system, with RTB status expected by 2026. The project received municipal approval and secured grid connection through E.dis.

In Italy, N2OFF holds a 70% stake in two Battery Energy Storage Systems in Sicily, each with 98 MWp/392 MWh capacity. Both projects have received connection approval from Terna SpA and are expected to reach RTB status by mid-2027. The company provided €600,000 in debt financing for the Melz BESS integration, featuring a 7% annual interest rate and 25% profit-sharing agreement.

N2OFF (NASDAQ: NITO) announced the expansion of its Melz solar project in Germany with a significant battery storage component. The company will provide additional debt financing to Solterra Renewable Energy for integrating a 107 MW / 214 MWh battery energy storage system (BESS) into its existing 115 MWp solar photovoltaic project.

The financing includes a €600,000 loan at 7% interest, with N2OFF entitled to 25% of potential profits after loan repayment. According to Entrix's analysis, the BESS integration could increase project revenues by 40-50%, generating additional income of €100-120 per MW annually through load shifting and ancillary services.

The Melz project, expected to receive final plan approval in early 2026, is part of N2OFF's broader renewable energy partnership with Solterra, which includes multiple BESS projects across Europe.

N2OFF (NASDAQ: NITO) has completed the second installment of a $2.7 million investment for two Battery Energy Storage Systems (BESS) in Sicily, Italy. The company has invested $1.2 million to date through its 70%-owned Italian subsidiary for the development of two 98MWp/392MWh BESS facilities.

The projects, with a combined capacity of 196 MWp, are estimated to be worth up to $13.5 million based on an industry valuation of $70,000 per MW. The BESS projects have received preliminary grid connection approvals from Terna SpA and are expected to achieve Ready-to-Build (RTB) status within 18-24 months.

N2OFF (NASDAQ: NITO) announced plans to expand its investment in the 111 MWp Melz solar project in Germany by exploring the addition of a 40-60 MWp battery energy storage system (BESS). The Melz project, approved by the Municipal Committee in December 2024, is expected to reach ready-to-build status by early 2026. The BESS integration aims to enhance energy storage capabilities and grid stability, capitalizing on Germany's growing battery storage market, projected to reach $2,271 million by 2030 with a 30.7% CAGR. The project is part of N2OFF's collaboration with Solterra Renewable Energy Ltd., which includes additional BESS projects in Sicily (2x98 MWp/392 MWh), Poland (35MW/140MWh), and solar projects in Albania.

N2OFF Energy (NASDAQ: NITO) has announced its entry into the Polish renewable energy market through participation in financing a 35MW/140MWh Battery Energy Storage System (BESS) project. The company is one of four lenders providing financing for the initial grid connection payment, with plans to potentially expand the project's capacity to over 100MW/400MWh.

This marks N2OFF's fourth BESS development project, with additional projects ongoing in Germany and Italy. The financing agreement includes a repayment period of up to 30 months, with N2OFF entitled to 15% of the net profits from the transaction upon the project's sale.

The initiative comes amid growing energy concerns in Europe, highlighted by recent widespread blackouts in Spain and Portugal that disrupted critical infrastructure and public services.

N2OFF (NASDAQ: NITO) has announced its entry into the Polish renewable energy market through its participation in financing a Battery Energy Storage System (BESS) project via Solterra. The project is initially planned at 35MW/140MWh with potential expansion to over 100MW/400MWh.

This marks Solterra's fourth BESS development project, with the company already engaged in projects in Germany and Italy. N2OFF is one of four financing parties and will be entitled to 15% of the net profits from the transaction. The financing is structured with an expected repayment period of up to 30 months upon project sale.

The investment aligns with N2OFF's strategy to expand into high-potential renewable energy markets while supporting grid-scale energy storage infrastructure development.

N2OFF (NASDAQ: NITO) announces plans to invest an additional €25,000 in a new Battery Energy Storage System (BESS) project co-located with its 111 MWp solar power plant in Melz, Germany. The initiative follows new German regulation (Section 8a of the Renewable Energy Sources Act - EEG) allowing additional assets to connect to the same grid connection.

The planned BESS facility will have an expected capacity of 60-80 MW / 240-360 MWh, aiming to enhance grid efficiency and reduce infrastructure costs. This project expands upon N2OFF's partnership with Solterra Renewable Energy, which includes two large-scale battery storage systems in Sicily, Italy (196 MWp / 784 MWh total), and solar PV project development in Albania.