Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 99

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 99
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    December 31, 2023 
  
    Share price 
    $0.80  
    $0.13  
    $0.16 
  
    Dividend yield 
     0%  
     0%  
     0% 
  
    Risk-free interest rate 
     0.13%  
     4.37%  
     5.26% 
  
    Expected term (in years) 
     2  
     0.25  
     0.50 
  
    Volatility 
     163.31%  
     69.59%  
     54.14% 

During the year ended December 31, 2024
and 2023, the Company recorded interest expenses related to the Loan in the amount of $21 and $20.

    d.
    On July 31, 2020, the Company received a convertible loan from Mr. Shmuel Yannay (a third party at that time, and a director of the Company as of October 28, 2021) in the amount of $100 (“Director Loan”). The loan has a maturity date of July 31, 2022 (“Maturity Date”) and accrues annual interest at a rate of 10%.

The Director Loan is convertible into
Shares, at his discretion, at the lower of a fixed price of $1.02 (the “Fixed Conversion Price”) or 80% of the lowest volume
weighted average price (“VWAP”) of the Company’s common stock during the 10 trading days immediately preceding the conversion
date (the “Market Conversion Price”).

The Company also granted the Mr. Yannay
warrants to purchase 25,000 shares of common stock of the Company at an exercise price of $2.00 per share, such exercise price is subject
to any future price-based anti-dilution adjustments. Accordance with ASU 2017-11 the warrants were classified in shareholders equity.

The fair value of the warrants granted
was $18 using the Black-Scholes-Merton option pricing model using the following assumptions:

    Schedule of assumptions used for valuation 

    August 2020 
  
    Share price 
    $0.86 
  
    Dividend yield 
     0% 
  
    Risk-free interest rate 
     0.21% 
  
    Expected term (in years) 
     5