Petah Tikvah, Israel, June 02, 2022 (GLOBE NEWSWIRE) — SaverOne 2014 Ltd. (Nasdaq: SVRE, SVREW) (TASE: SAVR), a technology company engaged in the design, development and commercialization of transportation safety solutions designed to save lives by preventing car accidents resulting from the use of mobile phones while driving, today announced the pricing of an underwritten U.S. initial public offering of 2,941,918 units, each consisting of one American Depositary Share (ADS) and one warrant to purchase one ADS, and 208,282 pre-funded units, each consisting of one pre-funded warrant to purchase one ADS and one warrant to purchase one ADS, at a price to the public of $4.13 per unit ($4.129 per pre-funded unit), for gross proceeds of approximately $13 million, before deducting underwriting discounts and offering expenses. The warrants will have a per ADS exercise price of $5.00, are exercisable immediately, and expire five years from the date of issuance. The ADSs (or pre-funded warrants in lieu thereof) and warrants that are part of the units can only be purchased together in the offering but will be issued separately. The pre-funded warrants will not be listed on any exchange. In addition, SaverOne has granted the underwriters a 45-day option to purchase up to an additional 469,654 ADSs or pre-funded warrants and/or 469,654 warrants to purchase ADSs to cover over-allotments, if any, at the public offering price, less the underwriting discount.
The Company intends…
