Israeli Tech Firm SaverOne Set To Close US$13 Million Nasdaq IPO

Transportation tech platform SaverOne 2014 Ltd. (Nasdaq: SVRE, SVREW) started trading on the Nasdaq on Friday. The Israel-based firm aims to raise approximately US$13 million in its debut on the US big board.

The offering consisted of 2,941,918 company units at US$4.13 a piece and 208,282 pre-funded units at US$4.129 each. Each unit represents one American depositary share and one purchase warrant. The warrants are exercisable at US$5.00 per ADS within five years.

The offering is set to close today, subject to customary closing conditions.

ThinkEquity is acting as the sole bookrunner for the said offering. The underwriters were given a 45-day over-allotment option to purchase up to 469,654 ADSs or pre-funded warrants and 469,654 warrants to purchase ADSs at the same IPO price.

The firm said it plans to use the proceeds for expansion, the development of solutions in the pipeline, research and development, working capital and general corporate purposes, and possible future acquisitions.

The Israeli tech firm is in the business of applying innovation to transportation safety solutions. The company’s SaverOne system, in particular, helps the driver by identifying and monitoring mobile phones and blocking the use of life-threatening applications.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Coinbase: The IPO Deep Dive

Coinbase Global (NASDAQ: COIN) is one of the hottest deals coming to market in 2021...

Tuesday, April 13, 2021, 01:30:00 PM

Farmers Edge Completes $125.0 Million IPO On TSX

Farmers Edge inc (TSX: FDGE) is the latest firm to complete an initial public offering,...

Wednesday, March 3, 2021, 09:08:05 AM

Connectivity Firm Credo Prices US$200 Million Nasdaq IPO

Connectivity solutions provider Credo Technology Group (Nasdaq: CRDO) started trading on the Nasdaq Global Select...

Thursday, January 27, 2022, 02:19:00 PM

Oncology Firm TransCode Therapeutics Looks To Raise US$25 Million In IPO

Oncology company TransCode Therapeutics, Inc. is set to begin publicly trading its equityon the Nasdaq...

Friday, July 9, 2021, 09:53:00 AM

Asset Manager TPG Prices US$1 Billion IPO

Private equity firm TPG Inc. (Nasdaq: TPG) began trading on the Nasdaq Global Select Market...

Thursday, January 13, 2022, 02:22:00 PM