SaverOne 2014 (SVRE) Prices 2.94M Unit Offering at $4.13/unit

SaverOne 2014 Ltd. (Nasdaq: SVRE, SVREW) 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 to use the proceeds for global sales and marketing expansion, for the development of SaverOne’s Generation 2.0 and 3.0 solutions, research and development, working capital and general corporate purposes and possible future acquisitions.

The ADSs and warrants are expected to begin trading on the Nasdaq on June 3, 2022 under the symbols “SVRE” and “SVREW”, respectively. The offering is expected to close on June 7, 2022, subject to satisfaction of customary closing conditions.

ThinkEquity is acting as sole book-running manager for the offering.

A registration statement on Form F-1 (File No. 333-263338) relating to the ADSs, pre-funded warrants and warrants was filed with the Securities and Exchange Commission (“SEC”) and became effective on June 2, 2022. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected]. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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