Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 112

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 8
Chunk 112
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ITEM 8. FINANCIAL INFORMATION.

A. Consolidated Statements and Other Financial
Information.

See “ Item 18. Financial
Statements.”

Dividends

We have never declared or
paid any cash dividends on our Ordinary Shares and do not anticipate paying any cash dividends in the foreseeable future. Payment of cash
dividends, if any, in the future will be at the discretion of our board of directors and will depend on then-existing conditions, including
our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors our board
of directors may deem relevant.

Payment of dividends may be
subject to Israeli withholding taxes. See “ Item 10. E. Taxation”, for additional information.

Legal Proceedings

On February 16, 2025, we,
along with our Chief Executive Officer, Mr. Shachar Daniel, and our Chief Financial Officer, Mr. Shai Avnit, were served with a motion
to certify a claim as a class action in the Economic Department at the District Court in Tel Aviv, Israel, or the Motion. The Motion refers
to statements between March 14, 2024 and August 26, 2024. In the Motion, Tal Machanian, or the Plaintiff, alleges that based on our announcement
dated August 26, 2024, which included financial outlook for third quarter of 2024, we allegedly made various untrue and misleading statements
regarding our business, operations and prospects. We have also been made aware of, but not formally served with, a complaint of similar
nature filed in the United States District Court for the District of New Jersey, or the U. S. Complaint, against us, Mr. Daniel, Mr. Avnit,
and our chairman, Mr. Chen Katz.

After an initial review of
the Motion and the U. S. Complaint, we believe that both actions are unfounded, relying on false chronological and factual basis and
without legitimate grounds. We intend to defend itself vigorously against the proceedings.

B. Significant Changes

No significant change, other
than as otherwise described in this annual report on Form 20-F, has occurred in our operations since the date of our consolidated financial
statements included in this annual report on Form 20-F.

ITEM 9. THE OFFER AND LISTING