SaverOne 2014 Ltd. ADR (SVRE) has released an update.
SaverOne 2014 Ltd. has announced a private placement sale of 12,555,555 ordinary shares, which will be represented by 2,511,111 American Depositary Shares (ADSs). Legal counsel confirms that the shares are duly authorized, validly issued, fully paid, non-assessable, and free of pre-emptive rights or Israeli tax liabilities upon issuance. This move is in compliance with the company’s Articles of Association and Israeli law, with no further governmental consents or taxes required.
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