Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 147

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 147
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 4970602 Israel.

  The                                                        

The
Company is currently in the early commercialization stage and has not yet generated significant revenues from its sales and operations.
From the Inception Date and through December 31, 2024, the Company reported significant losses and negative cash flows from operating
activity. As of December 31, 2024, the Company has an accumulated deficit of NIS 170,548 34,938 13,298

The
Company plans to finance its operations through the sales of equity and/or debts, including raising equity by an additional public offering
through shelf registration on the Nasdaq Capital Market (the “ Nasdaq”) and also through increasing its revenues from sales
of the Saverone Systems and, if applicable, a reduction in operating expenses.

However,
there can be no assurance that the Company will succeed in obtaining the necessary financing or generating sufficient revenues from product
sales to meet its current obligations and to achieve its business targets. Those conditions raise substantial doubt about the Company’s
ability to continue as a going concern.

The
financial statements do not include any adjustments that might result from the outcome of this uncertainty.

In
June 2022, the Company completed an underwritten initial public offering in the United States (the “ U. S. IPO”) on the Nasdaq
under in which the Company issued and sold (i) 2,941,918 4.13 208,282 4.129 13 43,441

As
a result of the significant decrease in the ADS price during 2024, which was reflected also in a severe increase in the number
of shares during the year due to numerous ADS sales under the SEPA and the New SEPA during the year, on October 28, 2024, the Company
effected the change in the ADS ratio from one (1) ADS representing five (5) Ordinary Shares, to one (1) ADS representing ninety (90)
Ordinary Shares. Subsequent to the statement of financial position date, on February 21, 2025, the Company effected an additional change
in the ADS ratio from one (1) ADS representing ninety (90) Ordinary Shares, to one (1) ADS representing one thousand two hundred ( 1,200

On
December 11, 2022, the Company entered into a definitive securities purchase agreement (the “ PIPE Agreement”) with an accredited
investor (the “ PIPE Purchaser”), under which the Company issued