Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 181

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 181
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During the year ended December 31, 2024,527,686PP Warrants issued as a part of the Company’s September 14, 2023 private placement and75,900warrants issued as part of April 3,
2020 public offering, were exercised into603,586ADSs, or6,035,860ordinary shares, for total consideration of $2,253thousand.

Earn-out Share issuance

In August 2023 and July 2022, the Company issued4,454,545and2,181,009ordinary shares to CyberKick’s founders following its acquisition in 2021, as consideration for achieving
certain milestones, representing earn-out payments of $1,050thousand and $1,050thousand, respectively.

NOTE 14 - DISCONTINUED OPERATIONS:

On July 4, 2023, the Company signed an agreement
with TerraZone Ltd. (“ TerraZone”) for the sale of its enterprise cybersecurity segment in exchange for7% of the outstanding
shares of TerraZone, which represent an estimated fair value consideration of $82thousand. The sale included all assets and liabilities
of the enterprise cybersecurity business, excluding certain patents. The Company’s enterprise cybersecurity business was focused
on information security solutions for organizations. The sale will enable the Company to benefit from a streamlined business model, simplified
operating structure, and enhanced management focus. Financial information relating to the discontinued operation for the years ended December
31, 2023 and 2022 is set out below.

Financial performance

                                                                                                 Year ended December 31                            
                                                                                                 2023                                              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                 U. S. dollars in thousands                        
  Revenue                                                                                                                        -            229  
  Expenses                                                                                                                       -            924  
  Loss before taxes on income                                                                                                    -          ( 695  
  Gain from sale of discontinued operations                                                                                      82             -  
  Taxes on income                                                                                                                -              -  
  Profit (loss) from discontinued operations, net of tax                                                                         82         ( 695  
  Basic and diluted profit (loss) per share from discontinued operations (in U. S. dollars)                                      0.00      ( 0.03  

Cash flows

                                             Year ended December 31                           
                                             2023                            2022             
 ──────────────────────────────────────────────────────────────────────────────────────────────
                                             U.