Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 33

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 33
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 guarantee future results, levels of activity,
performance or achievements. Our actual results may differ materially from those anticipated in these forward-looking statements.
These forward-looking statements are made as of the date of this report, and we assume no obligation to update these forward-looking
statements whether as a result of new information, future events, or otherwise, other than as required by law. In light of these
assumptions, risks, and uncertainties, the forward-looking events discussed in this report might not occur and actual results and
events may vary significantly from those discussed in the forward-looking statements. Further information on potential factors that
could affect our business is described under the heading “Risk Factors” in Part I, Item 1A, of our Annual Report on
Form 10-K for the fiscal year ended December 31, 2024. Readers are also urged to carefully review and consider the
various disclosures we have made in that report.

When used in this quarterly report, the terms
“Sativus,” “the Company,” “we,” “our,” and “us” refer to SATIVUS TECH CORP.,
a Delaware corporation, unless otherwise indicated or as otherwise required by the context.

Company Overview

SATIVUS TECH CORP. (formerly SEEDO CORP.) (the
“Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware.
Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm,
allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure
premium quality produce year-round. However, due to financial and operational difficulties and during 2020, we ceased these operations
and on July 19, 2020, the Company formed a new wholly-owned subsidiary in Israel, Hachevra Legiduley Pkaot Beisrael Ltd. (the “New
Subsidiary”), to develop a fully automated and remotely managed system for growing saffron and other vegetables. On November 5,
2020, the New Subsidiary changed its name to Saffron-Tech Ltd. (or “Saffron Tech”). As of the date of this report, and following
various financings in Saffron Tech, the Company owns 59% of Saffron Tech.

The Company, through Saffron Tech, is focusing
on its