SaverOne 2014 Ltd. ADR (SVRE) has released an update.
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SaverOne 2014 Ltd. ADR has entered into a Standby Equity Purchase Agreement with YA II PN, LTD. allowing for the sale of up to $15 million in American Depository Shares (ADSs) to the investor. The ADSs are traded on the Nasdaq under the symbol ‘SVRE’, and the agreement includes provisions for pre-paid advances and subsequent share purchases, subject to certain terms and conditions. This strategic financial move aims to bolster SaverOne 2014 Ltd.’s capital and share availability in the market.
For further insights into SVRE stock, check out TipRanks’ Stock Analysis page.
