SCHEDULE 13G: Intracoastal Capital and Affiliates Disclose 4.99% Passive Stake in SaverOne 2014 Ltd.
Ownership Disclosure
Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, has disclosed a passive beneficial ownership of 4.99% in SaverOne 2014 Ltd. ordinary shares, as detailed in a recent SEC Schedule 13G filing.
Summary
- Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the 'Reporting Persons') have filed a Schedule 13G disclosing their beneficial ownership in SaverOne 2014 Ltd.
- As of February 3, 2025, the Reporting Persons collectively beneficially own 35,459,516 Ordinary Shares of SaverOne 2014 Ltd., representing 4.99% of the class.
- This ownership includes shares issuable upon exercise of 'Intracoastal Warrant 1', which contains a blocker provision preventing beneficial ownership from exceeding 4.99%.
- An additional 67,397,884 Ordinary Shares issuable upon exercise of Intracoastal Warrant 1 and 125,010 Ordinary Shares from 'Intracoastal Warrant 2' are excluded from the reported beneficial ownership due to similar blocker provisions.
- Without these blocker provisions, the Reporting Persons would have been deemed to beneficially own 102,982,410 Ordinary Shares as of February 3, 2025.
- Immediately following the execution of a Securities Purchase Agreement (SPA) on January 30, 2025, the Reporting Persons were deemed to have beneficial ownership of 51,428,700 Ordinary Shares (approximately 9.7%) before the application of blocker provisions on warrants.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory disclosure of ownership and does not contain subjective language or information that would indicate a positive or negative sentiment towards the company's performance or outlook.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction from the reporting persons or the issuer.
Industry Context
This filing is a standard regulatory disclosure of a significant passive ownership stake in a publicly traded company. It does not provide insights into broader industry trends or competitive landscape, focusing solely on the ownership structure.
Stakeholder Impact
- Shareholders: The disclosure of a new significant investor and the details of the Securities Purchase Agreement (SPA) and warrant issuances could impact the company's share structure and potentially future dilution, depending on warrant exercise.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Date of event which requires filing of this statement; execution of the Securities Purchase Agreement (SPA) with the Issuer. |
| 01/31/2025 | Date Form 8-K was filed by the Issuer with the SEC, disclosing the SPA. |
| 02/03/2025 | As of close of business, the date for which the current beneficial ownership percentage of 4.99% was calculated. |
| 02/05/2025 | Date the Schedule 13G was signed and filed. |
Keywords
SaverOne 2014 Ltd., Intracoastal Capital LLC, Mitchell P. Kopin, Daniel B. Asher, Schedule 13G, Beneficial Ownership, Passive Investment, SEC Filing, Ordinary Shares, Warrants, Blocker Provision
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.