SaverOne 2014 Ltd. Announces Key ADS Ratio Change in 6-K Filing

Here are the key insights extracted from the financial report:

1. Company Name and Filing Information:

• Company: SaverOne 2014 Ltd.
• Filing Type: Form 6-K (Report of Foreign Private Issuer).
• Commission File Number: 001-41387.
• Filing Date: February 18, 2025.

2. Change in ADS Ratio:

• The company plans to change the ratio of its American Depositary Shares (ADSs) from 1 ADS representing 90 ordinary shares to 1 ADS representing 1,200 ordinary shares.
• This change is effectively a reverse stock split of 1-for-13.33.
• The purpose of this adjustment is to comply with Nasdaq's Minimum Bid Requirement of $1.00 per share.

3. Effective Date of Change:

• The new ADS ratio will take effect on February 21, 2025.
• Upon the Effective Date, existing ADSs will be automatically exchanged at the new ratio.

4. Trading Information:

• The ADSs will continue trading on Nasdaq under the same symbol, "SVRE," but will have a new CUSIP number.
• Ordinary shares will continue to trade on the Tel Aviv Stock Exchange unaffected by the ADS ratio change.

5. Impact on Equity Awards:

• Proportionate adjustments will be made to the exercise prices and the number of ordinary shares represented by ADS underlying the company’s outstanding equity awards, convertible notes, and warrants.

6. Fractional ADSs:

• No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net proceeds distributed to ADS holders.

7. Potential Impact on ADS Price:

• The company anticipates that the trading price of the ADSs will increase proportionally due to the change, enhancing their attractiveness for trading on Nasdaq, although there is no assurance that the price will be equal to or greater than eighteen times the pre-change price.

8. Forward-Looking Statements:

• The report contains forward-looking statements regarding compliance with Nasdaq requirements, which carry inherent uncertainties and risks.

9. Signatory:

• The report is signed by Ori Gilboa, Chief Executive Officer of SaverOne 2014 Ltd.

This analysis highlights the significant change in the ADS structure aimed at compliance with Nasdaq requirements and the implications for investors and shareholders.