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An announcement from SaverOne 2014 Ltd. ADR ( (SVRE) ) is now available.
On February 20, 2025, SaverOne 2014 Ltd. received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, risking delisting unless an appeal is made by February 27, 2025. The company has adjusted its ADS to ordinary share ratio, with the closing bid price exceeding $1.00, and plans to appeal to the Nasdaq Hearings Panel while continuing to trade under SVRE until a decision is made.
More about SaverOne 2014 Ltd. ADR
SaverOne 2014 Ltd. is a technology company specializing in the development and commercialization of solutions designed to prevent vehicle accidents, primarily by reducing driver distraction from mobile phone use. Their systems are targeted at commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on markets in Israel, Europe, and the US. The technology identifies the driver area in a vehicle and restricts access to distracting applications without user consent.
YTD Price Performance: -68.00%
Average Trading Volume: 42,022
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.66M
For detailed information about SVRE stock, go to TipRanks’ Stock Analysis page.
