Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 179

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 179
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 principal of the Promissory Notes plus accrued and unpaid interest on such outstanding principal (such amount, the
“ Conversion Amount”) into ADSs at the Conversion Price (as defined in the agreement). The number of Conversion Shares
issuable upon conversion of the Conversion Amount will be determined by dividing (x) such Conversion Amount by (y) the Conversion
Price. The “ Conversion Price” means, as of any conversion date or other date of determination and subject to adjustments
set forth in the Promissory Notes, the lower of (i) $ 126.78 95 20.83

As
the Promissory Notes entitle Yorkville to require settlement with variable number of ADS through the conversion mechanism described above,
it was determined that the embedded conversion option is not eligible to equity classification, and thus the company elected to designate
the entire liability amount at fair value thorough profit or loss measurement category.

F-41

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.)  
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  (5)      (Cont.)  

During the period commencing on the Effective Date of the New SEPA through December 31, 2024, the Company sold 74,793,290 62,328 2,382 8,860 2,250 8,373 750 2,735

In
addition, during the period commencing on the Effective Date of the New SEPA through December 31, 2024, the Company sold 240,390,000 200,325 2,734 9,970 171 622

On
November 11, 2024, the Company issued to Yorkville, an unsecured non-convertible promissory note (the “ Fourth Promissory Note”)
in the original principal amount of $ 1,000 3,629 8 3 987 3,601

  (6)      In December 2024 and December 2023, 360,000 and 90,000 RSUs granted to the Company’s CEO have been exercised into the same number of ordinary shares of the Company, respectively.  
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