Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 5

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 5
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 Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), we had an initial period of
180 calendar days from the date of the notification letter, or until November 13, 2024, to regain compliance with the Minimum Bid Price
Requirement. To regain compliance with the Minimum Bid Price Requirement, on October 28, 2024, the Company effected the change in the
ratio of each ordinary shares to each ADS from one (1) ADS representing five (5) Ordinary Shares, to one (1) ADS representing ninety
(90) Ordinary Share (the “2024 Reverse Stock Split”). On November 12, 2024, the Company received notice from the Nasdaq Staff
informing the Company that it regained compliance with the Minimum Bid Price Requirement, based on the closing bid price of the Company’s
ADS of $1.00 per share between October 28 and November 11, 2024.

However,
on February 20, 2025, we received a new letter from the Nasdaq Staff, notifying us that the Company was not in compliance with the Minimum
Bid Price Requirement, because the price per share of our ADS was below $1.00 for 30 consecutive business days. Because we effected the
2024 Reverse Stock Split within the prior one-year period, under a recently amended Listing Rule 5810(c)(3)(A)(iv), we were not eligible
to receive any new compliance or a cure period by the Nasdaq Staff. Accordingly, our ADSs were subject to delisting from Nasdaq unless
we requested an appeal of this determination. We requested an appeal, and a hearing date was set for April 10, 2025.

On
February 21, 2025, we implemented an additional change in the ratio of each ordinary shares to each ADS from 90 ordinary shares to each
ADS to 1,200 ordinary shares (the “2025 Reverse Stock Split”). On March 14, 2025, the Nasdaq Staff notified the Company that
it has regained compliance with the Minimum Bid Price Requirement and that the hearing has accordingly been cancelled.

Nonethless, no guarantee
can be provided that we will be able to continue compliance with the Minimum Bid Price Requirement or other Nasdaq Listing Rules. Pursuant
to amended Listing Rule 5810(c)(3)(A)(iv), a company is not eligible for any compliance periods if it effected one or more reverse stocks
in the cumulative