Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 217

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 217
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    Issued and outstanding 

    Number of shares 
  
    Shares of common stock of $0.0001 par value each “Shares” 
     500,000,000  
     4,215,571  
     500,000,000  
     4,215,571 

Each Ordinary share is entitled to receive
dividend, participate in the distribution of the Company’s net assets upon liquidation and to receive notices of participate and
vote (at one vote per share) at the general meetings of the Company on any matter upon which the general meeting is authorized.

On December 9, 2021, we implemented
a 1-for-10 consolidation, or reverse split, of our issued and outstanding common shares. Except where otherwise indicated, all share and
per share data in these financial statements have been retroactively restated to reflect the reverse stock split.

     F-22 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 5:-
    SHAREHOLDERS’ EQUITY (Cont.)

    b.
    Issuance of shares:

    1.
    On March 9, 2021, the Company issued 13,025 shares in respect of RSU’s granted during 2020.

    2.
    On March 10, 2021, the Company issued a total of 50,000 shares to two directors in respect of 50,000 RSU’s that were granted to them. The RSU’s vested immediately and had an exercise price of nil. The fair value of the RSU’s at the date of the grant was $275.

    3.
    On April 1, 2021, the Company issued a total of 10,000 shares to two directors in respect of 10,000 RSU’s that were granted to them. The RSU’s vested immediately and had an exercise price of nil. The fair value of the RSU’s at the date of the grant was $59.

    4.
    From June 2021 through to December 2021, the Company issued 830,000 shares in respect of converted Promissory Notes in the amount of $830.

    5.
    From July 2021 through to August 2021, the Company granted three directors 47,134 shares. The fair value of the shares at