Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 178

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 178
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The
ADSs were issued pursuant to a prospectus supplement, dated as of December 13, 2023, which was filed with the SEC, in connection with
a takedown from the Company’s shelf registration statement on Form F-3, which became effective on September 27, 2023.

  (5)      On July 16, 2024 (the “ Effective Date”), the Company entered into a second Standby Equity Purchase Agreement (the “ New SEPA”) with Yorkville. Upon the effectiveness of the New SEPA, the previ...  

Pursuant
to the New SEPA, subject to certain terms and conditions set forth in the agreement, the Company has the right, but not the obligation,
to issue (each such issuance, an “ Advance”) to Yorkville, and Yorkville has the obligation to subscribe for the Company’s
ADSs”, each representing 5 ordinary shares of the Company (such number of shares was adjusted in October 2024 to 90 ordinary
shares per ADS and in February 2025, to 1,200 0.01 15 500 10

F-40

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
13 - Share capital and reserves (Cont.)

  Changes                                        
  in the issued and outstanding capital (Cont.)  
 ─────────────────────────────────────────────────

  (5)      (Cont.)  

Under
the New SEPA, Yorkville advanced to the Company the principal amount of $ 3,000 3 15 1,000 1,000 1,000 1,000

Due
to the 3 2,895 10,763 1,049 1,846 6,903

Principal,
interest and any other payments due under the Third Promissory Notes shall be paid in cash on January 16, 2026 (the “ Maturity Date”),
unless converted by Yorkville or redeemed by the Company. Except as specifically permitted by the terms of the Promissory Notes, the
Company may not prepay or redeem any portion of the outstanding principal and accrued and unpaid interest thereunder. Subject to the
terms set forth in the Promissory Notes, at any time on or after the issuance date, Yorkville shall be entitled to convert any portion
of the outstanding