Summary by Moomoo AI
SaverOne 2014 Ltd. (SaverOne), an Israeli technology company, filed a post-effective amendment to its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on March 25, 2024. The amendment relates to a Standby Equity Purchase Agreement with YA II PN, LTD. (YA), initially entered into on June 5, 2023, and subsequently amended in December 2023 and March 2024. Under the agreement, YA committed to purchasing up to $15 million in American Depositary Shares (ADSs) during a commitment period. As of the filing date, SaverOne had issued approximately $5.5 million in ADSs to YA. The agreement also included the issuance of a promissory note to YA, which matures on a twelve-month anniversary and accrues interest at a rate of 8%. The amendment was filed to update and supplement information contained in the original registration statement and to include updated financial information. No additional securities are being registered under this amendment, which concerns only the sale of ordinary shares by the selling shareholders from time to time.