Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 125

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 125
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”, “expect”, “believe”, “anticipate”, “estimate”
or “continue” or comparable terminology are intended to identify forward-looking statements. These statements by their nature
involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which
are not within our control. These factors include by are not limited to economic conditions generally and in the industries in which we
may participate; competition within our chosen industry, including competition from much larger competitors; technological advances and
failure to successfully develop business relationships.

This discussion contains forward-looking statements
that reflect our plans, estimates and beliefs. Our actual results may differ materially from those anticipated in these forward-looking
statements.

This discussion summarizes the significant factors
affecting the consolidated financial statements, financial condition, liquidity, and cash flows of Sativus Tech, Corp, for the fiscal
year ended December 31, 2024 and 2023. The following discussion and analysis should be read in conjunction with the consolidated financial
statements and notes included elsewhere in this Form 10-K.

Executive Overview

SATIVUS TECH CORP. (formerly SEEDO CORP.) (the
“Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware.
Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligence algorithm,
allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure
premium quality produce year-round. However, due to financial and operational difficulties in 2020, we ceased these operations and on
July 19, 2020, the Company formed a new wholly-owned subsidiary in Israel, Hachevra Legiduley Pkaot Beisrael Ltd. (the “New Subsidiary”),
to develop a fully automated and remotely managed system for growing saffron and other vegetables. On November 5, 2020, the New Subsidiary
changed its name to Saffron-Tech Ltd. (or “Saffron Tech”). As of the date of this report, and following various financings
in Saffron Tech, the Company owns 54% of Saffron Tech.

The Company, through Saffron Tech, is focusing
on development of agriculture and technological products, in the fields of exotic plants.

Saffron Tech has developed a comprehensive