Business Context and Reporting Period
This Form 6-K filing by SaverOne 2014 Ltd. (the "Company") is dated February 20, 2026. The report announces a planned change to the ratio of its American Depositary Shares (ADSs) to address listing requirements on the Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate actions regarding share structure rather than financial performance.
Material Changes
- ADS Ratio Change: The Company is changing the ADS ratio from 1 ADS representing 10,800 ordinary shares to 1 ADS representing 43,200 ordinary shares. This is equivalent to a 1-for-4 reverse stock split of the ADSs.
- Effective Date: Trading on the new ratio is expected to begin on February 25, 2026.
- Share Count Adjustment: The number of outstanding ADSs will decrease from 2,533,919 to 633,480 immediately following the implementation.
- Underlying Shares: The total number of ordinary shares remains unaffected at 27,762,704,346 registered for trading on Nasdaq and the Tel Aviv Stock Exchange.
- Trading Symbol: ADSs will continue to trade under the symbol "SVRE" but with a new CUSIP number.
Guidance, Outlook, and Risks
Management Commentary: The Company states the change is intended to enhance the suitability of ADSs for trading on Nasdaq and regain compliance with the Minimum Bid Requirement. The ADS trading price is expected to increase proportionally, though no assurance is given that the price will equal or exceed four times the pre-split price.
Adjustments: Proportionate adjustments will be made to exercise prices and share counts for outstanding equity awards, convertible notes, and warrants.
Fractional Shares: No fractional new ADSs will be issued. Fractional entitlements will be aggregated, sold by the Depositary (BNY Mellon), and net cash proceeds distributed to holders after fees and taxes.
Risks: The filing includes standard forward-looking statement disclaimers, noting that actual results may differ due to uncertainties and risks detailed in the Company's Annual Report on Form 20-F filed on March 21, 2025.
Investor Verification Checklist
- Verify the effective date of the 1-for-4 reverse split (February 25, 2026) and the new CUSIP number for "SVRE."
- Confirm the treatment of fractional ADS entitlements and the timeline for cash distribution.
- Review the impact of the ratio change on outstanding equity awards, convertible notes, and warrants.
- Check subsequent filings to confirm compliance with Nasdaq's Minimum Bid Requirement post-split.