Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 593

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 593
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 2024, the BCF was revalued at $138 ($190 as of December 31, 2023).

     F-19 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 3:-
    CONVERTIBLE LOANS (Cont.)

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 

    August 7, 2020  
    December 31, 2024  
    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