Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028394
Chunk: 46

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 46
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 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, or the right to appoint 25% or more of the
directors of the acquiror. If, however, the merger involves a merger with a company’s own controlling shareholder or if the controlling
shareholder has a personal interest in the merger, then the merger is instead subject to the same special majority approval that governs
all extraordinary transactions with controlling shareholders (as described under “Management — Fiduciary duties and approval
of related-party transactions— Approval of related-party transactions”). If the transaction would have been approved by the
shareholders of a merging company but for the exclusion of the votes of certain shareholders as provided above, a court may still approve
the merger upon the request of holders of at least 25% of the voting rights of a company, if the court holds that the merger is fair
and reasonable, taking into account the value to the parties to the merger and the consideration offered to the shareholders of the company.

Upon the request of a creditor
of either party to the proposed merger, the court may delay or prevent the merger if it concludes that there exists a reasonable concern
that, as a result of the merger, the surviving company will be unable to satisfy the obligations of the merging entities, and may further
give instructions to secure the rights of creditors.

In addition, a merger may
not be consummated unless at least 50 days have passed from the date on which a proposal for approval of the merger was filed by