Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001070
Chunk: 14

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 14
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 terms as the Investor Warrants, except that they are exercisable for a period of five (5) years following the commencement of the sales in the Registered Direct Offering.

The Investor Warrants, the Placement Agent Warrants and the ADSs issuable upon the exercise of such warrants (collectively, the “Warrant Shares”) were offered by the Company pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act, and Rule 506 of Regulation D promulgated thereunder and have not been registered under the Securities Act or applicable state securities laws.

We are registering in this Registration Statement the Warrant Shares issuable upon exercise of the Investor the Warrants.

In connection with the January 2025 Offering, the Company agreed not to issue, enter into any agreement to issue or announce the issuance or proposed issuance of, any ADS or any securities convertible into or exercisable or exchangeable for ADSs or file any registration statement or prospectus, or any amendment or supplement thereto for 15 days after the January 2025 Offering Closing Date, subject to certain exceptions. In addition, we agreed not to effect or enter into an agreement to effect any issuance of Ordinary Shares represented by ADS or any securities convertible into or exercisable or exchangeable for shares of ADS involving a Variable Rate Transaction (as defined in the January 2025 Purchase Agreement) until 180 days after the Closing of the Private Placement Offering, subject to certain exceptions.

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Other Transactions

On July 16, 2024 the Company
entered into a new Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, LTD., a Cayman Islands exempt limited partnership
(“Yorkville”) under which the Company has the right to sell to Yorkville from time to time up to $15,000,000 of the Company’s
ADS, during a limited period of 36-months following the execution of the New SEPA. Under the SEPA, Yorkville advanced to the Company a
principal amount of $3,000,000 as the pre-paid advance, evidencing by three convertible promissory notes (the “Promissory Notes”),
which are convertible, subject to Yorkville decision, into Company’s ADSs. Out of the $3,000,000 Pre-Paid Advance, the Company used
approximately $1,049,000 to repay the remaining amount of the second promissory note and accordingly the net cash received amounted to