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SaverOne 2014 Ltd. Files Form 6-K: Key Changes to Share Ratio for Nasdaq Compliance

$SVRE
Form 6-K
Filed on: 2025-02-21
Source
SaverOne 2014 Ltd. Files Form 6-K: Key Changes to Share Ratio for Nasdaq Compliance

Based on the provided section of the financial report, here are the key insights and information extracted:

  1. Report Type and Filing:
  • This is a Form 6-K, which is a report of a foreign private issuer submitted to the SEC.
  • The filing is made pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
  1. Company Information:
  • Registrant Name: SaverOne 2014 Ltd.
  • Address: Em Hamoshavot Rd. 94, Petah Tikvah, Israel.
  • Commission File Number: 001-41387.
  1. Reporting Period:
  • This report is for the month of February 2025 (Report No. 7).
  1. Annual Report Filing Indication:
  • The registrant indicates that it files annual reports under Form 20-F.
  1. Press Release Information:
  • The report incorporates a press release dated February 21, 2025, titled “SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq Minimum Bid Price Requirement.”
  • This change is likely a strategic move to comply with Nasdaq listing requirements.
  1. Exhibit Index:
  • The press release is listed as Exhibit 99.1 in the filing.
  1. Signature:
  • The report is signed by Ori Gilboa, indicating it has been duly authorized.
  1. Date of Filing:
  • The filing date for this report is also noted as February 21, 2025.

Implications & Insights:

  • The adjustment in the ratio of shares to ADSs (American Depositary Shares) suggests that SaverOne is actively managing its compliance with Nasdaq requirements, which is crucial for maintaining its listing on the exchange.
  • Including the press release in this report demonstrates transparency and keeps investors informed about important company actions.
  • The choice of filing Form 20-F indicates that SaverOne is a foreign company, which may affect how investors perceive its governance, reporting, and operational practices compared to domestic firms.

Overall, this report reflects SaverOne's ongoing efforts to comply with regulatory standards while communicating significant changes to its shareholder structure.