Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 179

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 179
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 on
December 31, 2024 was $10.61per ADS on Nasdaq and ILS4.147per share on the TASE.

Rights conferred by ordinary shares

The ordinary shares confer upon their holders
voting rights, the right to receive dividends, the right to a share in excess assets upon liquidation of the Company and other rights
as set out in the Company’s articles of association.

Private placement

On September 14, 2023, the Company completed a
private placement offering of an aggregate of187,225units (the “ Units”), at a purchase price of $22.70per Unit. Each Unit
consists of 10 ADSs and 1 non-tradeable warrant (the “ PP Warrants”), each are exercisable into 3 ADSs. Gross proceeds totaled
$4,256thousand. Total issuance costs amounted to $681thousand.

The Company’s Chairman of Board of Directors
(“ Chairman”), CEO and Chief Financial Officer (“ CFO”), invested an aggregate of $1.05million in the private placement.
The Chairman and CEO used, in part, $400thousand each loaned to them in a non-recourse loan, by the rest of the investors in the private
placement, other than the CFO. The loans bear annual interest of8% and should be repaid in three equal installments on September 14,
2024, March 14, 2025, and September 14, 2025. The Chairman’s and CEO’s loans are secured by ADSs they already own and the
ADSs they purchased in the private placement offering along with their PP Warrants. The Company accounted for this arrangement between
the Chairman and CEO, and the rest of the investors, in accordance with the provisions of IFRS 2. As a result, the Company recorded share-based
expenses of $19thousand.

The PP Warrants are exercisable at any time
after the date of issuance for a period of 30 months from the offering date upon payment of an exercise price of $2.72per ADS and may
also be exercised, in whole or in part, by means of a “cashless exercise”, which will be available until a registration statement
covering the resale of the ADSs issuable upon the exercise of the PP Warrants is declared effective by the Securities and Exchange Commission.

The Company initially accounted for the PP Warrants
as a financial liability measured at fair value (level 3) as reflected in