Company: SVREW
Filing Date: 2025-01-31
Form Type: 6-K
Source: 0001213900-25-008961
Chunk: 1

Company: SaverOne 2014 Ltd.
Filing Date: 2025-01-31
Form: 6-K
Chunk 1
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 the right to purchase 1 Ordinary Share. The Private Placement Warrants will become exercisable
for 24 months commencing on the date the Company’s shareholders increase the number of authorized ordinary shares .. The exercise
price of the Warrants is subject to customary adjustment in the event of certain stock dividends and distributions, stock splits, stock
combinations, reclassifications or similar events affecting the Ordinary Shares and also upon any distributions of assets, including cash,
stock or other property to the stockholders of the Company.

The holder of a Private Placement Warrant agreed to
not exercise any such warrants to the extent that such exercise would result in the number of Ordinary Shares beneficially owned by such
holder and its affiliates exceeding 4.99% or 9.99% (at the election of the Investor) of the total number of Ordinary Shares outstanding
immediately after giving effect to the exercise. Pursuant to the Purchase Agreements, the Company is required to file a registration statement
with the SEC under the Securities Act of 1933, as amended (the “Securities Act”) within 45 days after the date of the Purchase
Agreement to register the Warrants and the ADSs and Ordinary Shares issuable upon the exercise of the Warrants.

The gross proceeds to the Company from the Registered
Offering were approximately $1,500,000, before deducting the placement agent fees and other estimated offering expenses payable by the
Company. The Company intends to use the net proceeds from the Registered Offering and Private Placement for working capital and for general
corporate purposes.

The Company engaged H.C. Wainwright & Co., LLC as its exclusive
placement agent (“Placement Agent”) in connection with the Registered Offering and the Private Placement Offering pursuant
to an engagement letter agreement between the Company and the Placement Agent dated November 21, 2024, as amended as of January 23, 2025
and January 30, 2025. (the “Engagement Agreement”).

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Pursuant to the Engagement Letter, the Company agreed
to pay the Placement Agent a cash fee equal to 7.0% of the aggregate gross proceeds of the aggregate purchase price paid by Investors
and a management fee of 1.0% of the aggregate gross exercise price paid in cash with respect thereto. The Company also agreed to pay the
Placement Agent $25,000 for non-accountable expenses and $15,950 for clearing fee.

In addition,