Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 81

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 81
---
,857,940 ordinary shares represented by 325,797 ADS at an exercise price of $10.664 per ADS (the “ Private
Placement Warrants”). The Company engaged H. C. Wainwright & Co., LLC as its exclusive placement agent (the “ Placement
Agent”) for the registered and the Private Placement Offering. The aggregate proceeds to the Company from this offering were approximately
$1,500,000, before deducting the placement agent fees and other offering expenses payable by the Company. In addition, at the Closing,
the Company issued to designees of the Placement Agent, warrants to purchase up to an aggregate of 13,680,000 ordinary shares represented
by 11,403 ADSs, at an exercise price of $11.66375 per ADS (the “ Placement Agent Warrants”). The Placement Agent Warrants
have the same terms as the Private Placement Warrants, except that the term of the Placement Agent Warrants will not be longer than five
(5) years following the commencement of the sales in that registered direct offering.

The
table below presents our cash flows for the periods indicated:

                                                        Year Ended                       Year Ended               
                                                        December 31,                   December 31,               
                                                        2024                                   2023               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                        NIS                                                       
  Net                                                                     (34,406                        (35,020  
  Net cash                                                                    (84                          9,942  
  Net                                                                      30,535                         22,490  
  Net                                                                      (3,955                         (2,588  

For
a comparison the year ended December 31, 2024, compared to year ended December 31, 2023, all U. S. dollar amounts below were calculated
using the exchange rate reported by the Bank of Israel for December 31, 2024, at the rate of one U. S. dollar per NIS 3.647.

Net cash
used in operating activities

Net
cash used in operating activities decreased by NIS 614 thousand (~ $168 thousand), or 2%, to NIS 34,406 thousand (~ $9,434 thousand)
for the year ended December 31, 2024, compared to approximately NIS 35,020 thousand (~ $9,602 thousand) for the year ended December 31,
2023. This decrease resulted mainly by higher interest and discount expenses in respect of promissory notes and revaluation