Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 45

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 45
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 was $275.

    3.
    On April 1, 2021, the Company issued a total of 10,000 shares to two directors in respect of 10,000 RSU’s that were granted to them. The RSU’s vested immediately and had an exercise price of nil. The fair value of the RSU’s at the date of the grant was $59.

    4.
    From June 2021 through to December 2021, the Company issued 830,000 shares in respect of converted Promissory Notes in the amount of $830.

    5.
    From July 2021 through to August 2021, the Company granted three directors 47,134 shares. The fair value of the shares at the date of the grant was $106.

    6.
    On October 5, 2021, the Company issued a director 7,500 shares in respect of 7,500 RSU’s that were granted to him. The RSU’s vested immediately and had an exercise price of nil. The fair value of the RSU’s at the date of the grant was $18.

    7.
    On October 5, 2021, the Company issued a consultant 29,167 shares in respect of exercised options. The consultant exercised 50,000 options in a cashless exercise mechanism.

    8.
    On October 25, 2021, the Company issued a consultant 40,000 shares in respect of 40,000 exercised options.

    9.
    On December 30, 2022, the Company issued 21,186 shares in respect of an investor’s converted SAFE agreement in Saffron Tech.

    c.
    Warrants:

A summary of warrant activity during
the years ended December 31, 2024, 2023 is as follows:

     Schedule of warrant activity 

    Number  
    Average exercise price 
  
    Warrants outstanding at January 1, 2023 
     119,000  
    $5.88 
  
    Granted 
     –  
     – 
  
    Warrants outstanding at December 31, 2023 
     119,000  
    $5.88 
  
    Expired 
     (44,000) 
     12.5 
  
    Warrants outstanding at December 31, 2024 
     75,000  
    $2