Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 45

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 45
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 agencies in their ESG assessments process, leading to a
downgrading in our rating. Financial investments in companies which perform well in ESG assessments are increasingly popular, and major
institutional investors have made known their interest in investing in such companies. Depending on ESG assessments and on the rapidly
changing views on acceptable levels of action across a range of ESG topics, we may be unable to meet our stakeholders’ expectations,
our reputation may be harmed, we may face increased compliance or other costs and demand our securities may decrease.

The price of the ADSs may be volatile.

The market price of
the ADSs has fluctuated in the past. Consequently, the current market price of the ADSs may not be indicative of future market prices,
and we may be unable to sustain or increase the value of your investment in the ADSs. During the first quarter of 2025 and up to March
10, 2025, the market price of our ADSs has fluctuated from a low of $6.07 per ADS to a high of $11.15 per ADS, and our ADS price continues
to fluctuate, as does the daily volume of trading of our ADSs. The market price of our ADSs and volume of trading may continue to fluctuate
significantly in response to numerous factors, some of which are beyond our control, such as:

  our ability to grow our revenue and customer base;                                                      
  the announcement of new products or product enhancements by us or our competitors;                      
  variations in our and our competitors’ results of operations;                                           
  successes or challenges in our funding sources;                                                         
  developments in the industries we operate;                                                              
  future issuances of ADSs or other securities;                                                           
  the addition or departure of key personnel;                                                             
  announcements by us or our competitors of acquisitions, investments or strategic alliances; and         
  general market conditions and other factors, including factors unrelated to our operating performance.  

Further, the stock market
in general, and the market for technology companies in particular, has recently experienced extreme price and volume fluctuations. The
volatility of our ADSs is further exacerbated due to its low trading volume, which has only recently increased. Continued market fluctuations
could result in extreme volatility in the price of our ADSs which could cause a decline in the value of our ADSs and the loss of some
or all of your investment.

We may be subject to securities litigation,
which is expensive and could divert management attention.

In the past,