Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 121

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 12
Chunk 121
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ITEM 12.
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

A.
Debt Securities.

Not
applicable.

B.
Warrants and rights.

IPO Warrants

On
June 7, 2022, we closed our U. S. IPO of 2,941,918 units, each consisting of one American Depositary Share (ADS) and one warrant to purchase
one ADS, 208,282 pre-funded units, each consisting of one pre-funded warrant to purchase one ADS and one warrant to purchase one ADS,
at a price to the public of $4.13 per unit ($4.129 per pre-funded unit), for gross proceeds of approximately $13 million, before deducting
underwriting discounts and offering expenses. The warrants originally had a per ADS exercise price of $5.00, were exercisable immediately
and expire five years from the date of issuance. The pre-funded warrants have a per ADS exercise price of $0.001, were exercisable immediately
and may be exercised at any time until exercised in full. As of December 31, 2024, after taking into account the changes in the Company’s
ADS ratio, the number of Warrants exercisable for one ADS are 12,258 at an exercise price of $1,200.

The
following summary of certain terms and provisions of our warrants is not complete and is subject to, and qualified in its entirety by,
the provisions of the warrant agent agreement between us and Computershare Trust Company, N. A., as warrant agent, and the form of warrant,
both of which are filed as exhibits to this Annual Report.

Exercisability

Exercise
Limitation

Exercise
Price.

Transferability

Exchange
Listing

Warrant
Agent

Fundamental
Transactions.

Rights
as a Stockholder

Governing
Law.

IPO Representative’s
Warrants

As
part of our IPO, we issued to the representative as compensation warrants to purchase up to 157,510 ADSs representing 787,550 ordinary
shares, which were equal to 5% of the total number of ADSs (including any ADSs underlying the pre-funded warrants) sold in our IPO. After
taking into account the changes in the Company’s ADS ratio, there are 657 Representative’s Warrants, which are exercisable
at a per ADS exercise price of $1,239.29. The Representative’s Warrants are exercisable at any time after December 2,