Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 13

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 13
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) 
     0.25 
  
    Volatility 
     69.59% 

As of June 30, 2025 the fair value of
the conversion feature in the amount of $445 was calculated with the following parameters:

    June 30, 2025 
  
    Share price 
    $0.048 
  
    80% of the lowest volume-weighted average price 
    $0.038 

During the six months ended June 30,
2025 the Company recorded interest expenses related to the Loan in the amount of $55.

    c.
    On August 7, 2020, the Company received a convertible loan from a third party (“August 2020 Lender”) in the amount of $200 (the “August 2020 Loan”). Per the terms of the Agreement, the August 2020 Loans has a maturity date of August 7, 2022, (“Maturity Date”) and accrues annual interest at a rate of 10%

The August 2020 Loan is convertible by
the August 2020 Lender into Shares, at their discretion, at the lower of a fixed price of $1.02 (the “Fixed Conversion Price”)
or 80% of the lowest volume weighted average price (“VWAP”) of the Company’s common stock during the 10 trading days
immediately preceding the conversion date (the “Market Conversion Price”).

     F-12 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 3:-
    CONVERTIBLE LOANS (cont.)

On November 1, 2024, the loan agreement
as extended until March 31, 2025.

The August 2020 Loan is included in the
convertible loans in current liabilities as of June 30, 2025, in the amount of $299.

The Company also granted the August 2020
Investor warrants to purchase 50,000 shares of common stock of the Company at an exercise price of $2.00 per share, such exercise price
is subject to any future price-based anti-dilution adjustments. In accordance with ASU 2017-11 the warrants were classified in shareholders’
equity.

The fair value of the warrants granted
was $35 using the Black-Scholes-Merton option pricing model using