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An announcement from SaverOne 2014 Ltd. ADR ( (SVRE) ) is now available.
On February 21, 2025, SaverOne 2014 Ltd. implemented a change in the ratio of its American Depositary Shares (ADS) from one ADS representing ninety ordinary shares to one representing 1,200 shares, effectively executing a 1-for-13.33 reverse stock split. This strategic move aims to regain compliance with Nasdaq’s minimum bid price requirement, potentially stabilizing its market position. The ADSs will continue to trade under the symbol ‘SVRE’ but with a new CUSIP number, while the ordinary shares remain unaffected on the Tel Aviv Stock Exchange. The change is expected to enhance the ADS trading price, though no guaranteed outcomes are assured.
More about SaverOne 2014 Ltd. ADR
SaverOne 2014 Ltd. operates in the technology sector, focusing on developing safety solutions to prevent accidents caused by driver distraction. Their primary offerings include advanced driver assistance systems that enhance road safety and cater to the vehicle market.
YTD Price Performance: -54.17%
Average Trading Volume: 537,811
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.7M
For an in-depth examination of SVRE stock, go to TipRanks’ Stock Analysis page.
