N2OFF’s ownership in Plantify Foods Inc. has decreased from approximately 23.6% to 9% due to dilution from a private placement by Plantify that increased its total shares outstanding. This change is not a result of N2OFF selling its shares but rather Plantify diversifying its shareholder base. N2OFF has stated it may adjust its position in Plantify’s securities in the future.
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N2OFF Stake in Plantify Foods Diluted to 9% After Private Placement
N2OFF’s ownership in Plantify Foods Inc. has decreased from approximately 23.6% to 9% due to dilution from a private placement by Plantify that increased its total shares outstanding. This change is not a result of N2OFF selling its shares but rather Plantify diversifying its shareholder base. N2OFF has stated it may adjust its position in Plantify’s securities in the future.