SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq Minimum Bid Price Requirement

Petah Tikvah, Israel, February 21, 2025 (Globe Newswire) – Saverone 2014 Ltd. (Nasdaq: SVRE, Tase: SVRE), On February 20, 2025, Saverone 2014 acquired Ltd. A letter from the Itemizing {Qualifications} Division of the Nasdaq Inventory Market LLC, through which the corporate was introduced that it was not in accordance with Nasdaq listing rule 5550 (A) (2) for which the businesses talked about are required to require acknowledged firms maintain a minimal Bid value of $ 1.00 per share. Usually an organization would get a interval of 180 calendas to exhibit compliance with the minimal bid value requirement. On the premise of not too long ago established Nasdaq rules, nevertheless, the corporate is just not eligible for a compliance interval) as a result of the corporate has achieved a reverse share distribution throughout the earlier interval of 1 12 months. The ADSs of the corporate are topic to deletion of Nasdaq, until the corporate applies to this provision on 27 February 2025.

The corporate is planning to request a listening to in time for the Nasdaq listening to panel (the “panel”), which request will stay the suspension of the results of the corporate pending the choice of the panel. The ADSs of the corporate will proceed to behave on Nasdaq underneath the “SVRE” image in anticipation of the listening to and the choice of the panel.

As introduced within the firm’s 6-Ok studies submitted on 18 February 2025 and 20 February 2025, in drive on the opening of the market on February 21, 2025, the corporate has a further change within the ratio of its ads to unusual shares Carried out and on the finish of the market on February 21, 2025, the ultimate bid value for its ads was greater than $ 1.00.

The corporate intends to supply the panel a plan for compliance with the minimal bid value requirement. Nonetheless, there could also be no certainty that the panel will settle for the corporate’s plan for compliance with the corporate or the request of the corporate will grant for steady point out or that the corporate will have the ability to meet the continual listing necessities throughout every compliance interval that may be granted by the panel.

In regards to the Saverone system

The Saverone system is put in in autos to resolve the issue of distraction of the motive force, because of drivers who use distracting functions on their cellphones whereas they’re at risk in a means that endanger their security and security of their passengers brings. This phenomenon is taken into account one of many essential causes of worldwide site visitors accidents. In response to the US Nationwide Freeway Visitors Security Administration, the annual prices of site visitors accidents simply in america are round $ 870 billion yearly, excluding the prices of significant harm or demise, by 1 / 4 of the accidents associated to using the cellular telephones whereas driving. Saverone’s know-how particularly acknowledges the motive force’s half within the automobile. It prevents the motive force from gaining access to distracting functions corresponding to messages, whereas others (navigation for instance) are permitted with out person intervention or permission, making a safer driving atmosphere.

Saverone’s major goal markets embrace business and personal automobile fleets which can be eager about lowering potential harm and appreciable prices, automobile producers eager about integrating security options of their autos and insurance coverage and leasing firms. Saverone initially focuses on vehicles with a give attention to the Israeli, European and American markets and different markets worldwide. Saverone is of the opinion that an elevated give attention to monitoring and prevention of mobile diversion techniques in autos, pushed by the approaching EU regulation, will in all probability have a dramatic optimistic impact on the demand for its techniques sooner or later.

The corporate’s technique is to supply its know-how to clients within the aftermarket and to deal with OEM automobile producers to combine the corporate’s safety applied sciences throughout the manufacturing strategy of autos.

About Saverone

Saverone is a know-how firm that designs, develops and commercializes OEM and aftermarket options and applied sciences to decrease the danger of car accidents. The primary product line from Saverone is a sequence of options that save lives by stopping automobile accidents that end result from distracting using cellphones whereas driving. Saverone additionally develops a sensor system for early location and path detection underneath all visibility situations of susceptible highway customers (VRU) by way of their footprint of cellphones.
Learn extra at https://saver.one//

Foresighting statements

This press launch accommodates “Future -oriented statements” within the sense of the Non-public Securities Litigation Reform Act and different securities legal guidelines which can be topic to substantial dangers and uncertainties. All statements, along with these of historic information which can be included on this press launch, are future -oriented. Future -oriented statements on this press launch embrace, however aren’t restricted to, statements relating to Saverone’s strategic and enterprise plans, know-how, relationships, aims and expectations for his firm, the influence of tendencies on and curiosity in his firm, mental property or product and the longer term outcomes, actions and monetary efficiency and state and will be recognized by means of phrases corresponding to ‘anticipating’, ‘religion’, ‘considering’, ‘can’, ‘estimate’, ‘count on’, ‘, count on’, “intensive”, “search”, “Could”, “May”, “Plan”, “Potential”, “predicting”, “Undertaking” , “Goal”, “AIM”, “Ought to”, “Will” “would, or the destructive of those phrases or different related expressions. However not all Forcing -looking statements include these phrases. Ahead statements are based mostly on the present expectations of Saverone and are topic to inherent uncertainties, dangers and assumptions which can be troublesome to foretell. Moreover, sure future -oriented statements are based mostly on assumptions about future occasions that won’t show to be correct. Many components can be certain that the precise actions or outcomes of Saverone differ considerably from those that are anticipated in such future -oriented statements. Elements that may be certain that the precise outcomes differ considerably from these which can be expressed or implied in such future-oriented statements, however aren’t restricted to: Saverone’s means to keep up the listing of the Nasdaq capital market; The power of Saverone’s know-how to considerably enhance the security of drivers; his means to market and promote its merchandise; are plans to proceed to spend money on analysis and improvement to develop know-how for each current and new merchandise; Saverone’s intention to advertise his applied sciences and commercialization efforts; Saverone’s intention to make use of native distributors in each nation or area the place it does enterprise to distribute merchandise or know-how; Saverone’s plan to search for patent, trademark and different mental property rights for merchandise and applied sciences in america and worldwide, in addition to the power to keep up and defend the validity of at the moment held mental property rights; Saverone’s expectations with regard to future adjustments within the prices of earnings and working prices; Saverone’s expectations with regard to his tax classifications; interpretations of present legal guidelines and the approval of future legal guidelines; acceptance of his enterprise mannequin by traders; the power to accurately establish and enter new markets; the influence of competitors and new applied sciences; normal market, political and financial situations within the nations through which Saverone is energetic; Projected capital expenditure and liquidity; Saverone’s intention to keep up necessary staff, and the conviction that the nice relationships with all staff will preserve; A revival of the COVID-19 Pandemie and its influence on enterprise and business; In addition to different dangers and uncertainties, together with, however not restricted to, the dangers described within the annual report of the corporate on kind 20-f submitted to the US Securities and Alternate Fee (the “SEC”) on March 25, 2024 and subsequent prescriptions on the sec. Ahead -looking statements On this announcement are comprised of this date and Saverone doesn’t undertake an obligation to replace such info, besides as required underneath relevant regulation.

Worldwide investor relationships Contact:

Ehud half
+1 212 378 8040
saverone@ekgir.com