SAVERONE 2014 ADRS/3600 ADR

SaverOne signs a non-binding term sheet for a strategic investment in Gryphen Aircraft Industries; the initial tranche is €5.0m, giving SaverOne 33.3% of the diluted equity. The total amount can increase to €8.33m upon achievement of certain milestones, and there is a right to raise the stake to 53% within 24 months (valuation €30m). Closing is subject to due diligence, final agreements and regulatory approvals; Gryphen develops MALE/HALE-UAVs and operates a production facility in Friaul-Julisch Venetien. » More on de.investing.com

The European Patent Office has granted SaverOne a patent (EP23712362.5) for a sensor-fusion technology to classify operating modes of mobile communication devices. The patent expands the company’s portfolio to 23 patents (16 granted, 7 filed) and is intended to improve the real-time accuracy of detecting mobile phone use in vehicles. SaverOne develops RF-based safety solutions against driver distraction; the company remained unprofitable with annual revenue of $0.32m. The stock fell 17% last week and is notably down over the past year. » More on de.investing.com

SaverOne will change the ADS ratio from one ADS for 10,800 ordinary shares to one ADS for 43,200 ordinary shares effective at the market open on 25 February 2026; every four existing ADS will be automatically exchanged for one new ADS. Outstanding ADSs will fall from 2,533,919 to 633,480, and the ordinary shares represented by ADSs will total 27,366,336,000. Ordinary shares listed on the Tel Aviv Stock Exchange are not affected; the ADSs will remain listed on the NASDAQ under the ticker SVRE but will receive a new CUSIP. No new ordinary shares will be issued or cancelled; fractional interests will be sold and the net proceeds distributed to ADS holders. » More on de.investing.com