Sativus Tech Corp. announced that it has signed a share purchase agreement with a South Korean investor of $2 million in a round of funding on February 9, 2023. The company has disclosed the post money evaluation of $12.7 million and investor will receive 793,650 preferred shares.

The transaction is subject to Saffron Tech shareholder approval and the transaction is expected to close before the end of February 2023. Following completion of the Initial Closing, the Investor will hold 9.35% of issued and outstanding stock of Saffron Tech and the Company will hold 58.92%.