Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028398
Chunk: 13

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 13
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 “SEPA”) with YA II PN, LTD., a Cayman Islands exempt limited partnership
(“Yorkville”) under which the Company has the right to sell to Yorkville from time to time up to $15,000,000 of the Company’s
ADS, during a limited period of 36-months following the execution of the New SEPA. Under the SEPA, Yorkville advanced to the Company a
principal amount of $3,000,000 as the pre-paid advance, evidencing by three convertible promissory notes (the “Promissory Notes”),
which are convertible, subject to Yorkville decision, into Company’s ADSs. Out of the $3,000,000 Pre-Paid Advance, the Company used
approximately $1,049,000 to repay the remaining amount of the second promissory note and accordingly the net cash received amounted to
$1,846,000. As of the date of this prospectus, an outstanding balance of approximately $132,000 remains due under the third promissory
note.

On November 11, 2024, the Company issued to Yorkville, an unsecured
non-convertible promissory note (the “November 24 Promissory Note”) in the original principal amount of $1,000,000. The November
24 Promissory Note will mature on November 11, 2025, bears an interest at a rate of 8.0%, and was issued with a 3% original issue discount.
Pursuant to the terms of the November 24 Promissory Note, it will be repaid in 10 equal monthly installments beginning on the 90th day
from the date of the issuance. On March 19, 2025, Yorkville agreed to modify the November 24 Promissory Note to postpone the remaining
nine monthly payment thereunder by 30 days from the original payment schedule such that the maturity date is extended to December
11, 2025.

Recent Developments Regarding Nasdaq Compliance

As previously disclosed, on February 20, 2025, we received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Staff”), notifying us that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) which requires listed companies to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”) because the price per share of our ADS