SaverOne Announces Withdrawal of Proposed Public Offering
November 27 2023 - 7:13PM
SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology
company specializing in transportation safety solutions, today
announced that it has withdrawn its previously announced proposed
underwritten public offering of securities due to market
conditions.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About SaverOne
SaverOne is a technology company engaged in the design,
development and commercialization of OEM and aftermarket solutions
and technologies, to lower the risk of, and prevent, vehicle
accidents.
SaverOne’s initial line of products is a suite of solutions that
saves lives by preventing car accidents resulting from distraction
from the use of mobile phones while driving. SaverOne is also
developing a sensor system for early location and direction
detection under all visibility conditions of vulnerable road users
(VRU) through their cellphone footprint.
Learn more at https://saver.one/
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act and
other securities laws that are subject to substantial risks and
uncertainties. All statements, other than statements of historical
fact, contained in this press release are forward-looking
statements. Forward-looking statements contained in this press
release may be identified by the use of words such as "anticipate,"
"believe," "contemplate," "could," "estimate," "expect," "intend,"
"seek," "may," "might," "plan," "potential," "predict," "project,"
"target," "aim," "should," "will" "would," or the negative of these
words or other similar expressions, although not all
forward-looking statements contain these words. Forward-looking
statements are based on SaverOne's current expectations and are
subject to inherent uncertainties, risks and assumptions that are
difficult to predict. Further, certain forward-looking statements
are based on assumptions as to future events that may not prove to
be accurate. Many factors could cause SaverOne's actual activities
or results to differ materially from the activities and results
anticipated in such forward-looking statements. Factors that could
cause our actual results to differ materially from those expressed
or implied in such forward-looking statements include, but are not
limited to: the ability of our technology to substantially improve
the safety of drivers; our planned level of revenues and capital
expenditures and our ability to continue as a going concern; the
ability of our technology to substantially improve the safety of
drivers; our ability to market and sell our products; our plans to
continue to invest in research and development to develop
technology for both existing and new products; our intention to
advance our technologies and commercialization efforts; our
intention to use local distributors in each country or region that
we will conduct business to distribute our products or technology;
our plan to seek patent, trademark and other intellectual property
rights for our products and technologies in the United States and
internationally, as well as our ability to maintain and protect the
validity of our currently held intellectual property rights; our
expectations regarding future changes in our cost of revenues and
our operating expenses; our expectations regarding our tax
classifications; interpretations of current laws and the passage of
future laws; acceptance of our business model by investors; the
ability to correctly identify and enter new markets; the impact of
competition and new technologies; general market, political and
economic conditions in the countries in which we operate; projected
capital expenditures and liquidity; our intention to retain key
employees, and our belief that we maintain good relations with all
of our employees; any resurgence of the COVID-19 pandemic and its
impact on our business and industry; and other risks and
uncertainties, including, but not limited to, the risks detailed in
the Company's Annual Report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the "SEC") on April 27, 2023
and in subsequent filings with the SEC. Forward-looking statements
contained in this announcement are made as of this date, and
SaverOne undertakes no duty to update such information except as
required under applicable law.
International Investor Relations Contact:Ehud
Helft+1 212 378 8040saverone@ekgir.com
Israeli Investors Contact:Jonathan
EilatJohn@theinvestor.co.il
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