Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 74

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 74
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 to funding from a private placement,
and sales of ADSs under an at the market offering, as well as warrants exercises in the aggregate net amount of $4.7 million. The amount
was offset by a repayment of short-term bank loans ($1.6 million) and net repayments related to the strategic long-term loan ($0.5 million),
as well as by increased lease payments of $0.3 million.

Change in Cash and Cash Equivalents

As a result of the foregoing,
our cash and cash equivalents from continuing operations increased in the amount of $4.3 million during the year ended December 31, 2024,
compared to an increase in the amount of $7.5 million during the year ended December 31, 2023.

Strategic Funding

On
August 8, 2022, we signed a strategic funding agreement with O. R. B. Spring Ltd., or O. R. B., as further amended, of up to $4.0 million
to support the growth of our consumer access solutions and its customer acquisition program. The repayment of the funding was based on
a revenue share model in connection with sales generated from new customers acquired with each funding installment. On October 27, 2022,
we amended the agreement with O. R. B. to provide for the cancellation of funding milestones as well as the removal of any discretion previously
granted to O. R. B. in connection with the additional $2 million funding out of the $4 million facility. On September 7, 2023, in furtherance
of our decision to scale down operations of our consumer data collection business to focus on revenue that yields high return on investment
and profitability, the Company and O. R. B. agreed to further amend the O. R. B. agreement. Pursuant to the amendment, O. R. B. agreed to (i)
cancel and waive all rights in connection with the warrants issued to O. R. B. as part of the O. R. B. agreement (a total of warrants to purchase
5,006,386 ordinary shares of the Company in aggregate), (ii) waive any entitlement to a percentage, portion, or share of revenue in connection
with the principal facility amount withdrawn by the Company (which amounted to an aggregate total of $2.55 million), and (iii) extend
the repayment schedule of the principal facility from 24 to 30 months, at the Company’s discretion.