SaverOne Announces Proposed Underwritten Public Offering
27 Novembre 2023 - 10:01PM
SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company
specializing in transportation safety solutions, today announced
that it intends to offer its American Depositary Shares (“ADS”) in
a firm commitment underwritten public offering. The Company intends
to use the net proceeds from this offering for its global sales and
marketing expansion, its research and development and for working
capital and general corporate purposes. The offering is subject to
market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
In addition, the Company expects to grant
Alexander Capital L.P. a 45-day option to purchase additional ADSs
of up to 15% of the number of ADSs sold in the offering solely to
cover over-allotments, if any.
Alexander Capital L.P. is acting as the
sole book-running manager for the offering.
This offering is being made pursuant to an
effective shelf registration statement on Form F-3 (No. 333-274458)
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on September 27, 2023. A preliminary prospectus
supplement and accompanying shelf prospectus describing the terms
of the proposed offering will be filed with the SEC and will be
available on the SEC's website located at http://www.sec.gov.
Electronic copies of the preliminary prospectus supplement and the
accompanying shelf prospectus may be obtained, when available, by
contacting Alexander Capital L.P., Attention: Equity Capital
Markets, 10 Drs James Parker Blvd, Suite 202, Red Bank, New Jersey
07701, by email info@alexandercapitallp.com, or by telephone at
(212) 687-5650. Before investing in this offering, interested
parties should read in their entirety the prospectus supplement and
the accompanying prospectus and the other documents that the
Company has filed with the SEC and that are incorporated by
reference in such prospectus supplement and the accompanying
prospectus, which provide more information about the Company and
such offering.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About SaverOne
SaverOne is a technology company engaged in the
design, development and commercialization of OEM and aftermarket
solutions and technologies, to lower the risk of, and prevent,
vehicle accidents.
SaverOne’s initial line of products is a suite
of solutions that saves lives by preventing car accidents resulting
from distraction from the use of mobile phones while driving.
SaverOne is also developing a sensor system for early location and
direction detection under all visibility conditions of vulnerable
road users (VRU) through their cellphone footprint.
Learn more at https://saver.one/
Forward Looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act and other securities laws that are subject to
substantial risks and uncertainties. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release include, but are not limited to, statements
regarding the timing and terms of the offering and use of proceeds
from the offering, and may be identified by the use of words such
as "anticipate," "believe," "contemplate," "could," "estimate,"
"expect," "intend," "seek," "may," "might," "plan," "potential,"
"predict," "project," "target," "aim," "should," "will" "would," or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on SaverOne's current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. Many factors could cause
SaverOne's actual activities or results to differ materially from
the activities and results anticipated in such forward-looking
statements. Factors that could cause our actual results to differ
materially from those expressed or implied in such forward-looking
statements include, but are not limited to: the ability of our
technology to substantially improve the safety of drivers; our
planned level of revenues and capital expenditures and our ability
to continue as a going concern; the ability of our technology to
substantially improve the safety of drivers; our ability to market
and sell our products; our plans to continue to invest in research
and development to develop technology for both existing and new
products; our intention to advance our technologies and
commercialization efforts; our intention to use local distributors
in each country or region that we will conduct business to
distribute our products or technology; our plan to seek patent,
trademark and other intellectual property rights for our products
and technologies in the United States and internationally, as well
as our ability to maintain and protect the validity of our
currently held intellectual property rights; our expectations
regarding future changes in our cost of revenues and our operating
expenses; our expectations regarding our tax classifications;
interpretations of current laws and the passage of future laws;
acceptance of our business model by investors; the ability to
correctly identify and enter new markets; the impact of competition
and new technologies; general market, political and economic
conditions in the countries in which we operate; projected capital
expenditures and liquidity; our intention to retain key employees,
and our belief that we maintain good relations with all of our
employees; any resurgence of the COVID-19 pandemic and its impact
on our business and industry; and other risks and uncertainties,
including, but not limited to, the risks detailed in the Company's
Annual Report on Form 20-F filed with the U.S. Securities and
Exchange Commission (the "SEC") on April 27, 2023 and in subsequent
filings with the SEC. Forward-looking statements contained in this
announcement are made as of this date, and SaverOne undertakes no
duty to update such information except as required under applicable
law.
International Investor
Relations Contact:Ehud Helft +1 212 378
8040saverone@ekgir.com Israeli Investors Contact:
Jonathan EilatJohn@theinvestor.co.il |
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