# EDGAR Filing Document

**Accession Number:** 0001661600
**File Stem:** 0001213900-23-009539
**Filing Date:** 2023-2
**Character Count:** 5473
**Document Hash:** 6a780e2144d5e0be42c18b7665c810b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-009539.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001213900-23-009539

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SATIVUS TECH CORP.
- **CENTRAL INDEX KEY:** 0001661600
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **IRS NUMBER:** 472847446
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-208814
- **FILM NUMBER:** 23601045

**BUSINESS ADDRESS:**
- **STREET 1:** 1771 POST RD EAST #178
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880
- **BUSINESS PHONE:** (203) 307-1179

**MAIL ADDRESS:**
- **STREET 1:** 1771 POST RD EAST #178
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEEDO CORP.
- **DATE OF NAME CHANGE:** 20181106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRCR Partners Inc
- **DATE OF NAME CHANGE:** 20151221

?xml version="1.0" encoding="utf-8"?

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

Washington, D.C. 20549

**FORM 8-K**

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

**February 9, 2023**

**<u>SATIVUS TECH CORP.</u>**

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>333-208814</u> <u>47-2847446</u> <br> (State of incorporation) (Commission File Number) (IRS Employer No.)

1771 Post Rd East #178

Westport, CT 06880

(Address of principal executive offices and Zip Code)

(203) 307-1179

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |

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**Item 1.01. Entry into a Material Definitive Agreement.** 

On February 8, 2023, the Sativus Tech Corp's (the "Company") Israeli subsidiary, Saffron Tech Ltd ("Saffron Tech"), signed a share purchase agreement with a South Korean investor ("Investor"), pursuant to which the investor will invest a total $2 million in Saffron Tech, subject to the following conditions:

● $1 million at a pre money valuation of $10.7 million to be invested upon closing for which the Investor will receive 793,650 preferred shares in Saffron Tech ("Initial Closing"). The use the proceeds of the Initial Closing will be used to continue the Company's research and development activities, initiating the development of commercial production technologies, the registration and protection of its intellectual property and any other uses in the ordinary course of its business.

● $1 million to be invested following the achievement of the following milestones ("Deferred Investment"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Successful cultivation of saffron utilizing Saffron Tech's licensed technology, at the Investor's R&D farm in South
Korea;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Satisfactory verification and confirmation of POC; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Completion of financing, whether in a private placement or public offering of at least $2 million at a fully diluted pre-money valuation
of at least $20 million, or, (ii) at the time the conditions precedent above being met, the Company is publicly traded on the Tel Aviv
stock exchange or other regulated security exchange.

The SPA is subject to Saffron Tech shareholder approval and the transaction is expected to close before the end of February 2023.

Following completion of the Initial Closing, the Investor will hold 9.35% of issued and outstanding stock of Saffron Tech and the Company will hold 58.92%

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 9<sup>th</sup>, 2023

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| |
|:---|
| **SATIVUS TECH CORP.** |
| /S/ Tal Wilke Glazer |
| By: Tal Wilke Glazer, Dir., CEO |

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