Company: SVREW
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062089
Chunk: 43

Company: SaverOne 2014 Ltd.
Filing Date: 2025-07-08
Form: 424B3
Chunk 43
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 offer will not be entitled to petition the Israeli
court as described above.

If a tender offer is not accepted
in accordance with the requirements set forth above, the acquirer may not acquire shares from shareholders who accepted the tender offer
that will increase its holdings to more than 90% of the company’s issued and outstanding share capital or of the applicable class.

Special tender offer

The Companies Law provides
that an acquisition of shares in a public company must be made by means of a tender offer if, as a result of the acquisition, the purchaser
would become a holder of 25% of the voting rights in the company, unless there is already a person holding 25% of the voting rights in
the company. Similarly, the Companies Law provides that an acquisition of shares in a public company must be made by means of a tender
offer if, as a result of the acquisition, the purchaser would become a holder of more than 45% of the voting rights in the company, unless
there is already a person holding more than 45% of the voting rights in the company. These requirements do not apply if the acquisition
(i) occurs in the context of a private placement by the company that received shareholder approval or (ii) was from a 25% or 45% shareholder,
as the case may be. The tender offer must be extended to all shareholders, but the offeror is not required to purchase more than 5% of
the company’s outstanding shares, regardless of how many shares are tendered by shareholders. The tender offer generally may be
consummated only if (i) at least 5% of the voting rights in the company will be acquired by the offeror and (ii) the number of shares
tendered in the offer exceeds the number of shares whose holders objected to the offer.

Merger

The Companies Law permits
merger transactions if approved by each party’s board of directors and, unless certain requirements described under the Companies
Law are met, by a majority vote of each party’s shares.

Special rules govern a merger
with an acquiror that is already affiliated with the target. Unless a court rules otherwise, the merger must also be approved by at least
50% of the votes of the shares of the target that are held by the shareholders other than (i) the acquiror and (ii) any person (or group
of persons acting in concert) who holds 25% or more of the voting rights of the acquiror,