Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 153

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 153
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 option any portion of the outstanding and unpaid principal or accrued interest into fully paid and non-assessable shares
of common stock, at the lower of the fixed conversion price then in effect or the market conversion price. The number of shares of common
stock issuable upon conversion of any conversion amount shall be determined by dividing (x) such conversion amount by (y) the fixed conversion
price of $20.00 or (z) 80% of the lowest the volume-weighted average price of the Company’s shares of common stock during the 30
trading days immediately preceding the conversion date.

The Company accounted for the February
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. As of December 31, 2024, the BCF was revalued at $144.

On November 1, 2024, the loan
agreement was extended until March
31, 2025.

The February 2019 Loan is included in
the convertible loans in current liabilities as of December 31, 2024, in the amount of $392, and $361 as of December 31, 2023.

The Company accounted for the February
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. The value of the BCF for the February 2019 Loan was calculated
using Monte Carlo model. As of December 31, 2024 the Company allocated $144 to the BCF as a liability ($125 as of December 31, 2023).

The Company used an independent appraiser
to estimate the fair value of BCF which used the Monte Carlo option pricing model using the following weighted average assumptions:

    Schedule of assumptions
    used for  valuation 

    December 31, 2024  
    December 31, 2023 
  
    Share price 
    $0.13  
    $0.16 
  
    Dividend yield 
     0  
     0% 
  
    Risk-free interest rate 
     4.37%  
     5.26% 
  
    Expected term (in years) 
     0.25  
     0.50 
  
    Volatility 
     69.59%  
     54.14% 

During the year ended December 31, 2024,
and 2023, the Company recorded interest expenses related to February 2019 Loan