05:59 PM EDT, 09/25/2025 (MT Newswires) -- N2OFF ( NITO ) shareholders approved the acquisition of MitoCareX Bio, a biotechnology company developing treatments for difficult-to-treat cancers.

In February, N2OFF ( NITO ) agreed to acquire MitoCareX from SciSparc ( SPRC ) and other sellers for $700,000 in cash and up to 65% of its fully diluted common stock through share exchanges and milestone-based issuances.

The transaction is expected to close in H1 October, N2OFF ( NITO ) said Thursday in a statement. Upon closing, MitoCareX will become a wholly owned subsidiary of N2OFF ( NITO ).

As part of the deal, N2OFF ( NITO ) plans to support MitoCareX's operations for two years following the closing, including an initial cash investment of $1 million.

Amitay Weiss is board chairman of both N2OFF ( NITO ) and SciSparc ( SPRC ). Liat Sidi is a board member of both companies.

N2OFF ( NITO ) shares jumped 35% in after-hours trading, and SciSparc ( SPRC ) fell 6.6%.