IPO - SaverOne 2014 Ltd.

Form Type: CORRESP

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026318

Filing Summary: SaverOne 2014 Ltd. is requesting the acceleration of the effectiveness of its Registration Statement on Form F-1 (File No. 333-286260) to become effective on April 2, 2025, or as soon as practicable thereafter. The document outlines the acknowledgment that the effectiveness declaration by the SEC does not limit the Commission's ability to take action on the filing, nor does it relieve the company of its responsibility regarding the accuracy and adequacy of the filing's disclosures. Furthermore, the company cannot use the SEC's staff comments or the declaration of effectiveness as a defense in any related proceedings regarding federal securities laws.

Form Type: CORRESP

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026399

Filing Summary: SaverOne 2014 Ltd. has requested the acceleration of the effectiveness of its Registration Statement on Form F-1 (File No. 333-286266) to become effective at 4:30 p.m. on April 2, 2025, or as soon as practicable thereafter. The company acknowledges that the Securities and Exchange Commission's declaration of effectiveness does not relieve it of its responsibility for the adequacy and accuracy of the disclosed information. Furthermore, the company may not use SEC comments or the declaration of effectiveness as a defense in any legal proceedings initiated under federal securities laws.

Form Type: F-1

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026272

Filing Summary: SaverOne 2014 Ltd. has filed a Registration Statement under the Securities Act of 1933 on Form F-1 with the SEC, proposing an initial public offering of up to 3 billion ordinary shares, represented by 2.5 million American Depositary Shares (ADS). The company has entered into a standby equity purchase agreement (SEPA) with Yorkville, allowing them to issue shares as needed until July 2027, aiming to raise a total commitment of $15 million. Notably, the company has undergone several reverse stock splits, including a 2025 reverse stock split affecting its ADSs ratio from 90 to 1200 ordinary shares per ADS. The revenues from these offerings will be crucial for further developing their driver safety technology, including solutions designed to prevent distractions from mobile phone usage while driving. The document outlines the high level of risk involved and the secondary offerings and market conditions affecting the issuance of shares, as well as the operational changes and pilot programs in place to boost sales. The company is categorized as an emerging growth company and is positioned within both U.S. and Israeli markets, ensuring compliance with necessary regulations for both jurisdictions. The ADSs are listed on Nasdaq, and the ordinary shares are listed on the Tel Aviv Stock Exchange.

Form Type: F-1

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026309

Filing Summary: SaverOne 2014 Ltd. has filed a registration statement on Form F-1 with the SEC for an initial public offering (IPO), proposing to offer up to 404,537,940 Ordinary Shares represented by 337,200 American Depositary Shares (ADS). The Ordinary Shares are to include those issuable upon exercise of purchase warrants from a previous private placement offering that took place on January 30, 2025. The filing also denotes a significant change in the ADS to ordinary shares conversion ratio, indicating a reverse stock split associated with previous changes. The last trading prices for the Ordinary Shares on the TASE and ADSs on Nasdaq were noted, emphasizing the current market context. The company has made considerable advancements in its product offerings, focusing on driver safety technology designed to prevent accidents caused by mobile phone usage while driving. SaverOne is in the commercial phase of its solutions and is beginning pilot programs in various global markets, presenting strong potential for growth in the driver safety technology sector. The filing specifies the company's commitment to advance its non-compliance with U.S. GAAP regulations as it qualifies as an emerging growth company. Furthermore, continued collaboration with vehicle manufacturers and other strategic partners positions the company strongly within the industry.

Form Type: DRS

Filing Date: 2025-03-21

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001063

Filing Summary: On March 21, 2025, SaverOne 2014 Ltd. confidentially submitted a Draft Registration Statement on Form F-1 to the U.S. Securities and Exchange Commission under the Jumpstart Our Business Startups Act, marking the company's intention to initiate an initial public offering (IPO). This registration statement is not yet publicly filed and details the offer and sale of up to 3,000,000,000 ordinary shares represented by 2,500,000 American Depositary Shares (ADS) to be issued under a standby equity purchase agreement with Yorkville. The document outlines the company's business, focused on advanced driver safety technologies, and provides financial details regarding previous and planned issuances to support the offering and operational costs. As of the date of the prospectus, the company had received approximately $5.84 million in proceeds under previous agreements and mentioned ongoing commitments and obligations related to convertible promissory notes, emphasizing the strategic plan to secure funding for product development and market entry, especially relevant to the growing demand for driver safety solutions amidst increasing concerns regarding distracted driving. The prospectus is part of ongoing efforts to establish a public market presence and provide comprehensive disclosures required for potential investors.

Form Type: DRS

Filing Date: 2025-03-21

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001070

Filing Summary: SaverOne 2014 Ltd. has submitted a Draft Registration Statement under the Securities Act of 1933, which has been filed confidentially with the SEC. The registration statements pertain to the planned offer and sale of up to 404,537,940 ordinary shares represented by 337,200 American Depositary Shares (ADS). The offering includes shares from selling shareholders, and the company will not receive proceeds from these sales. Warrants have been offered to selling shareholders at exercise prices ranging from $10.664 to $11.66375 per ADS. Two reverse stock splits have taken place recently leading to a change in the ADS to ordinary share ratio. The company operates within the technology sector, focusing on developing solutions to prevent car accidents caused by distracted driving due to mobile phone usage. The registration is part of a strategy to enhance commercialization efforts and increase global market presence. As of the filing date, numerous systems have been ordered, and ongoing pilot programs are in place for product evaluation in various markets.

Form Type: CORRESP

Filing Date: 2024-12-12

Corporate Action: Ipo

Type: New

Accession Number: 000121390024108409

Filing Summary: SaverOne 2014 Ltd. has submitted a request for acceleration of the effectiveness of its Registration Statement on Form F-1, which is associated with file number 333-283669. The Company has requested that the Registration Statement become effective at 2:30 p.m. on December 16, 2024, or as soon as practicable thereafter. The correspondence emphasizes that the effectiveness of the filing does not limit the powers of the Securities and Exchange Commission (SEC) to take action regarding the filing, nor does it absolve the Company of its responsibilities related to the adequacy and accuracy of the disclosure within the filing. The Company acknowledges that SEC staff comments or the declaration of effectiveness cannot be used as a defense in legal proceedings under federal securities laws.