Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 174

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 174
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, at the initial recognition date the gross proceeds received was allocated to identified components as follows:

                           Fair                               
  Derivative warrant                                   3,947  
  Pre-funded                                          39,494  
  Total                                               43,441  

  (*)      The fair value of the derivate warrant liability was determined and estimated at level 1 in the fair value hierarchy based on the price of the Warrants of $ 0.3508 which is an average quoted ma...  

The
total incremental and direct issuance costs amounted to NIS 7,949 6,893 723 7,226

The
following tabular presentation reflects the reconciliation of the fair value of derivative warrant liability during the years ended December
31, 2024 and 2023:

                                                                                                   Year                        
                                                                                     ended December 31,                        
                                                                                                   2024                        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Opening                                                                                                    274        1,151  
  Recognition                                                                                                -          -      
  Warrants                                                                                                   -          -      
  Revaluation                                                                                                ( 274      ( 877  
  Closing                                                                                                    -          274    

  (*)      Due to lack of trading activity of the Warrant, as of December 31, 2024, the management estimated the fair value of the Warrant by using Black-Scholes-Merton pricing model in which the assumpti...  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

As
of December 31, 2024 and 2023, the measurement of the aforesaid derivative warrant liability was classified at level 3 in the fair value
hierarchy.

F-36

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
13 - Share capital and reserves (Cont.)

  Changes                                        
  in the issued and outstanding capital (Cont.)  
 ─────────────────────────────────────────────────

  (2)      On December 11, 2022, the Company entered into the PIPE Agreement with an accredited investor (the “ PIPE Purchaser”), under which the Company sold to the PIPE Purchaser 4,045,305 Shares (repre...  

Following
to completion of customary conditions, the closing date of the PIPE was December 12,