Exhibit
99.1

Dear
Nasus Pharma Ltd. Shareholders:
We
cordially invite you to attend the Special General Meeting of Shareholders of Nasus Pharma Ltd. (the “Company”), to
be held on March 5, 2026 at 2:00 p.m. Israel time, at the Company’s legal counsel’s office, located at 28 Ha’Arbaa
St., Hagag Towers, North Tower, 34th Floor, Tel Aviv, 6744317 Israel (the “Meeting”).
At
the Meeting, shareholders will be asked to consider and vote on the matters listed in the enclosed Notice of Special General Meeting
of Shareholders (the “Notice”).
Our
board of directors recommends that you vote FOR each of the Proposals listed in the Notice.
Only
shareholders of record at the close of business on February 9, 2026, (the “Record Date”), are entitled to notice of
and to vote at the Meeting, either in person or by appointing a proxy to vote in their stead at the Meeting as detailed in the Notice.
We
look forward to greeting as many of you as can attend the Meeting.
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Sincerely, |
| |
|
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/s/
Dan Teleman |
| |
Dan
Teleman |
| |
Chief
Executive Officer |
| |
|
| |
January
29, 2026 |
Nasus
Pharma Ltd.
Notice
of SPECIAL General Meeting of shareholders
Notice
is hereby given that a Special General Meeting of Shareholders (the “Meeting”) of Nasus Pharma Ltd. (the “Company”)
will be held on March 5, 2026, at 2:00 p.m. Israel time, or at any adjournment or postponement thereof, at the Company’s legal
counsel’s office, located at 28 Ha’Arbaa St., Hagag Towers, North Tower, 34th Floor, Tel Aviv, Israel.
The
following matters are on the agenda for the Meeting:
| 1. | consider
a proposal to increase the Company’s authorized share capital, and to amend the Company’s
amended and restated articles of association to reflect the same; and |
| | | |
| 2. | consider
a proposal to approve a grant of equity-based compensation to non-executive directors of
the Company; and |
| | | |
| 3. | consider
a proposal to approve a grant of equity-based compensation to Mr. Eyal Rubin, the Company’s
Chief Financial Officer; and |
| | | |
| 4. | consider
a proposal to approve a milestone-based grant for the Company’s Chief Executive Officer,
Mr. Dan Teleman; and |
| | | |
| 5. | consider
a proposal to approve the Sub-Plan for U.S. Persons to the Company’s 2019 Incentive
Option Plan. |
Board
Recommendation
Our
board of directors (the “Board of Directors”) unanimously recommends that you vote “FOR” the above
proposed resolutions, which are described in the attached proxy statement (the “Proxy Statement”).
Record
Date
Shareholders
of record at the close of business on February 9, 2026 (the “Record Date”), are entitled to notice of and to vote
at the Meeting, either in person or by appointing a proxy to vote in their stead at the Meeting (as detailed below).
Required
Vote and Voting Procedures
Pursuant
to the Israeli Companies Law 5759-1999 (the “Companies Law”), each of Proposals 1 and 5, requires a Simple Majority
(as defined in the Proxy Statement).
Each
of Proposals 2, 3 and 4 described hereinafter, requires a Special Majority (as defined in the Proxy Statement).
How
You Can Vote
A
form of proxy card for use at the Meeting is attached to the Proxy Statement and a voting instruction form, together with a return envelope,
will be sent to holders of the Company’s ordinary shares, no par value per share (“Ordinary Shares”). By appointing
“proxies,” shareholders may vote at the Meeting whether or not they attend. If a properly executed proxy card in the attached
form is received by the Company at least four (4) hours prior to the Meeting, including a certificate of ownership and a copy of your
identity card, passport or certification of incorporation as the case may be, all of the Ordinary Shares represented by the proxy card
shall be voted as indicated on the form.
Subject
to applicable law and the rules of the NYSE American LLC, in the absence of instructions, the Ordinary Shares represented by properly
executed and received proxy cards will be voted “FOR” the proposed resolutions to be presented at the Meeting for which the
Board of Directors recommends a vote “FOR”.
Shareholders
of record
If
your shares are registered directly in your name with our transfer agent, VStock Transfer LLC, you are considered, with respect to those
shares, the shareholder of record. In such case, these proxy materials are being sent directly to you. As the shareholder of record,
you have the right to use the proxy card included with the Proxy Statement to grant your voting proxy directly to each of Mr. Eyal Rubin,
Chief Financial Officer (e-mail address eyalr@nasuspharma.com) at least four (4) hours prior to the Meeting, or to vote in person at
the Meeting. Proxy cards received after the aforementioned time will not be tabulated.
Beneficial
Owners
If
your shares are held through a bank, broker or other nominee, they are considered to be held in “street name” and you are
the beneficial owner with respect to those shares. A beneficial owner as of the Record Date has the right to direct the bank, broker
or nominee how to vote shares held by such beneficial owner at the Meeting. If your shares are held in “street name” as of
the Record Date, these proxy materials are to be forwarded to you by your bank, broker or nominee who is considered, with respect to
those shares, as the shareholder of record, together with a voting instruction card for you to use in directing the bank, broker or nominee
how to vote your shares.
You
also may attend the Meeting. In such case, because a beneficial owner is not a shareholder of record, you may not vote those shares directly
at the Meeting unless you obtain a “legal proxy” from the bank, broker or other nominee that holds your shares directly,
giving you the right to vote the shares at the Meeting.
Absent
specific instructions from the beneficial owner of the shares, brokers are not allowed to exercise their voting discretion, among other
things, with respect to all of the Proposals listed above, which we believe are considered “non-routine” under applicable
rules, and therefore, a “broker non-vote” occurs with respect to such uninstructed shares. Therefore, it is important for
a shareholder that holds Ordinary Shares through a bank or broker to instruct its bank or broker how to vote its shares if the shareholder
wants its shares to count for all of the Proposals.
Voting
Results
The
final voting results will be tallied by the Company, in consultation with its legal counsel, based on the information provided by VStock
Transfer LLC or otherwise, and the overall results of the Meeting will be published following the Meeting in a Report of Foreign Private
Issuer on Form 6-K that will be furnished to the U.S. Securities and Exchange Commission (the “SEC”).
| |
Sincerely, |
| |
|
| |
/s/
Dan Teleman |
| |
Dan
Teleman |
| |
Chief
Executive Officer |
| |
|
| |
January
29, 2026 |