Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 18

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 18
---
 TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 5:-
    SHAREHOLDERS’ DEFICIT (cont.)

    b.
    Warrants

    A summary of warrant activity during the three months period ended June 30, 2025, and year ended December 31, 2024 is as follows:

    Schedule of warrant activity 

    Number  
    Average exercise price 
  
    Warrants outstanding at January 1, 2024 
     119,000  
    $5.88 
  
    Expired 
     (44,000) 
     12.50 
  
    Warrants outstanding at December 31, 2024 
     75,000  
     2 

    Warrants outstanding at June 30, 2025 
     75,000  
    $2 

    The following warrants are outstanding as of June 30, 2025 and December 31, 2024:

    Schedule of warrants outstanding 

    Issuance date 
    Warrants outstanding  
    Exercise price per warrant  
    Warrants outstanding and exercisable  
    Expiry date
  
    August 7, 2020 
     50,000  
    $2.00  
     50,000  
    August 7, 2025
  
    August 11, 2020 
     25,000  
    $2.00  
     25,000  
    August 11, 2025

     75,000  
        
     75,000  

     F-17 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 5:-
    SHAREHOLDERS’ DEFICIT (cont.)

    c.
    Share option plans:

    On April 1, 2019, the Company’s board
    of directors adopted the Sativus Tech Corp. 2018 Share Options Plan (the “2018 Plan”).
     
    Awards granted under the 2018 Plan are subject
    to vesting schedules and unless determined otherwise by the administrator of the 2018 Plan, generally vest following a period of four