Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 11

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 11
---
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 3:-
    CONVERTIBLE LOANS (cont.)

As of December 31, 2024, 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 

    December 31, 2024 
  
    Share price 
    $0.13 
  
    Dividend yield 
     0% 
  
    Risk-free interest rate 
     4.37% 
  
    Expected term (in years) 
     0.25 
  
    Volatility 
     69.59% 

As of June 30, 2025 the fair value of
the conversion feature in the amount of $122 was calculated with the following parameters:

    June 30, 2025 
  
    Share price 
    $0.048 
  
    80% of the lowest volume-weighted average price 
    $0.038 

During the six months ended June 30,2025
the Company recorded interest expenses related to the Loan in the amount of $15

    b.
    On October 15, 2019, the Company received a convertible loan from a third party (“October 2019 Lender”) in the principal amount of $1,100 that bears an annual 10% interest rate (“October 2019 Loan”). The October 2019 Loan had a two-year term. Prior to the maturity date of the October 2019 Loan, the Company, at its option, has the right to redeem, in cash, in part or in whole, the amounts outstanding provided that as of the date of the redemption notice (i) the volume-weighted average price of the Company’s ordinary shares is less than $12.50 and (ii) there is no equity condition failures as defined therein. In the event that the Company wishes to redeem any amount under the convertible loan, the Company shall pay an amount equal to the principal amount being redeemed plus a redemption premium equal to 20% of the outstanding amount being redeemed in addition to outstanding and accrued interest.

The October 2019 Lender shall be entitled
to convert the principal loan and the outstanding interest (the “Conversion Amount”) into such number of ordinary shares determined
by dividing (