Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 80

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 80
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 a balance of approximately $132,000 remains outstanding under the Promissory Notes.

As
of the date of this Annual Report, we have issued an aggregate of 445,803,290 ordinary shares represented by 371,503 ADSs (after giving
retroactive effect to the new ratio of 1,200 ordinary shares for each ADS) to YA as Advance Shares for aggregate gross proceeds of approximately
$5.84 million.

On
November 11, 2024, the Company issued to Yorkville, an unsecured non-convertible promissory note (the “ November 24 Promissory Note”)
in the original principal amount of $1,000,000. The November 24 Promissory Note will mature on November 11, 2025, bears an interest at
a rate of 8.0%, and was issued with a 3% original issue discount. Pursuant to the terms of the November 24 Promissory Note, it will be
repaid in 10 equal monthly installments beginning on the 90th day from the date of the issuance. On March 19, 2025, Yorkville agreed
to modify the November 24 Promissory Note to postpone the remaining nine monthly payment thereunder by 30 days from the original payment
schedule such that the maturity date is extended to December 11, 2025.

Subsequent
to December 31, 2024, on January 30, 2025, the Company entered into securities purchase agreements with several institutional investors
(the “ Purchase Agreements”), pursuant to which on January 31, 2025, at the closing the Company sold to these investors in
the registered direct offering an aggregate of 195,428,970 ordinary shares represented by 162,899 ADSs, at an offering price of $9.331
per ADS. The ADSs were sold pursuant to a prospectus supplement dated January 30, 2025, in connection with a takedown from the Company’s
shelf registration statement on Form F-3 (File No. 333-274458), which became effective by the SEC on September 27, 2023, and the base
prospectus dated as of September 27, 2023 contained in such registration statement. In addition, the Company offered and sold to these
investors in a concurrent private placement offering (the “ Private Placement Offering”) unregistered warrants to purchase
up to an aggregate of 390