Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 176

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 176
---
 (the “ YA Resale Effective
Date”).

In
accordance with IFRS and based on the overall contractual framework between the parties and the fact that the SEPA and the First Promissory
Note were executed on the same date, both agreements were accounted for as one transaction as an issuance of a package that includes
(1) Company right to sell Advance Shares (the “ Put Options”), (2) First Promissory Note and (3) Commitment Shares.

At
the initial date, the SEPA essentially constituted a series of Put Options held by the Company under which the Company may (but not obliged
to) sell to Yorkville ordinary shares at a sale price representing a discount at a rate of 5

At
the initial date, the proceeds received by the Company were allocated to the First Promissory Note based on its fair value amount and
the remaining amount was allocated to the Commitment Shares as a residual amount. At subsequent dates, the Company recognized a discount
expense over the economic life of the First Promissory Note based on the effective interest rate method.

Pursuant
to the above, at the initial date the net proceeds received were allocated to identified components as follows:

                               Fair                              
  Put Options (*)                                             -  
  First Promissory                                        7,083  
  Commitment Shares                                          87  
  Total net consideration                                 7,170  

  (*)      Management by using the assistance of third-party appraiser has determined that the fair value of the Put Options is zero as the exercise price of the Put Options is out of money at any exercis...  

  (**)      The fair value of the First Promissory Note was based on rating model using a discount rate of 17.51% which represented the Company’s applicable rate of risk, as determined by management using ...  

F-38

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.)  
 ─────────────────────────────────────────────────

  (3)      (Cont.)  

On
December 11, 2023, the Company and Yorkville entered into a first amendment to the SEPA pursuant to which Yorkville, upon the Company’s
request, agreed to advance to the Company $ 1,000