Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 119

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 11
Chunk 119
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 bank deposits, we do not believe that changes in equity prices pose a material
risk to our holdings. However, decreases in the market price of our ordinary shares or ADSs could make it more difficult for us to raise
additional funds in the future or require us to raise funds at terms unfavorable to us.

In
addition, we are exposed to risks arising from changes in the quoted price of the warrants issued to investors as part of our IPO on
the Nasdaq in June 2022. As the exercise price of the warrants are determined in foreign currency, and the warrants might be exercisable
into a variable number of shares due to the cashless exercise mechanism, the warrants were accounted for as a derivative financial liability
that is treated as financial liability at fair value through profit or loss. Accordingly, in the event that the quoted price of our warrants
will increase, we expect to record a loss in respect of the said obligation.

Further,
on July 16, 2024, we entered into the Purchase Agreement with YA pursuant to which we had the right to sell to YA up to $15.0 million
in ADSs subject to certain limitations, from time to time during the 48-month period following the date of execution of the Purchase
Agreement. The purchase price for the ADSs that we may sell to YA will fluctuate based on the price of our ADSs. Depending on market
liquidity at the time, sales of such ADSs has caused and will likely continue to cause the trading price of our ADSs to fall. After YA
has acquired the ADSs, YA may resell all, some, or none of those shares at any time or from time to time in its discretion. The sale
of a substantial number of shares of our ADSs to YA, or the anticipation of such sales, could make it more difficult for us to sell equity
or equity-related securities in the future at a price that we might otherwise wish to effect sales.

Inflation
risk

We
do not believe that inflation has had, nor will it have a material effect on our business, financial condition or results of operations
in the reporting period. However, if our costs were to become subject to significant inflationary pressures, we may not be able to fully
offset such higher costs through hedging transactions. Our inability or failure to do so could harm our business, financial condition
and results of operations.

Foreign
Currency Exchange Rate Risk

Our
results of operations and cash flow are subject to fluctuations