Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 28

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 28
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 Shares
were to occur, such shares may trade in the over-the-counter market such as on the OTC Bulletin Board or on the “pink sheets.”
The over-the-counter market is generally considered to be a less efficient market, and this could diminish investors’ interest
in our Ordinary Shares as well as significantly impact the price and liquidity of our Ordinary Shares. Any such delisting may also severely
complicate trading of our Ordinary Shares by our shareholders or prevent them from re-selling their Ordinary Shares at/or above the price
they paid.

The
issuance of a significant amount of additional Ordinary Shares due to the exercise or conversion of outstanding warrants and/or substantial
future sales of our Ordinary Shares may depress our share price.

As
of March 10, 2025, we had approximately 69.3 million Ordinary Shares issued and outstanding and approximately 10.3 million of additional
Ordinary Shares which are issuable upon exercise of outstanding warrants and employee options. The issuance of a significant amount of
additional Ordinary Shares on account of these outstanding securities will dilute our current shareholders’ holdings and may depress
our share price. If these or other shareholders sell substantial amounts of our Ordinary Shares and/or ADSs, including shares issuable
upon the exercise or conversion of outstanding warrants or employee options, or if the perception exists that our shareholders may sell
a substantial number of our Ordinary Shares and/or ADSs, we cannot foresee the impact of any potential sales on the market price of these
additional Ordinary Shares, but it is possible that the market price of our Ordinary Shares would be adversely affected. Any substantial
sales of our shares in the public market might also make it more difficult for us to sell equity or equity related securities in the
future at a time and on terms we deem appropriate. Even if a substantial number of sales do not occur, the mere existence of this “market
overhang” could have a negative impact on the market for, and the market price of, our Ordinary Shares.

Holders
of ADSs may not receive the same distributions or dividends as those we make to the holders of our Ordinary Shares, and, in some limited
circumstances, holders of ADSs may not receive dividends or other distributions on our Ordinary Shares and may not receive any value
for them, if it is illegal or impractical to make them available to holders of ADSs.

The
depositary for the ADSs has agreed to pay to ADS holders the cash dividends or other distributions it or the custodian receives on Ordinary