Form 8-K - Current report
25 September 2023 - 3:00PM
Edgar (US Regulatory)
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2023-09-22
2023-09-22
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 22, 2023
Save
Foods, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40403 |
|
26-4684680 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
HaPardes
134 (Meshek Sander)
Neve
Yarak, Israel |
|
4994500 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(347)
468 9583
(Registrant’s
telephone number, including area code)
N/A
(Former
Name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of exchange on which registered |
Common
Stock, par value $0.0001 per share |
|
SVFD |
|
The
Nasdaq Capital Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01 Other Events.
On
September 22, 2023, Save Foods, Inc. (the “Company”) issued a press release in Canada, and filed it on the SEDAR profile
of Plantify Foods, Inc. (“Plantify”) (www.SEDAR.com) in accordance with applicable Canadian securities laws, announcing
that it purchased 55,004,349 common shares of Plantify on September 18, 2023 in a rights offering completed by Plantify.
A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
|
Save
Foods, Inc. |
|
|
|
Date:
September 25, 2023 |
By: |
/s/
Lital Barda |
|
Name: |
Lital
Barda |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
EARLY
WARNING PRESS RELEASE
Vancouver,
B.C. – September 22, 2023, Save Foods, Inc. (“Save Foods” or the “acquiror”), of Hapardes
134 (Meshek Sander), Neve Yarak, 4994500 Israel, makes the following announcement in accordance with Multilateral Instrument 62-104
– Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid
and Insider Reporting Issuers.
Save
Foods has filed an early warning report in connection with its purchase of 55,004,349 common shares (the “Common Shares”)
of Plantify Foods, Inc. (the “Company”), of 2264 East 11th Avenue, Vancouver, BC V5N 1Z6, on September 18, 2023 in
a rights offering completed by the Company (the “Rights Offering”).
Prior
to the Rights Offering, the Acquiror owned 30,004,349 Common Shares representing approximately 16% of the then issued and outstanding
Common Shares.
Pursuant
to the Rights Offering, the Acquiror purchased 55,004,349 Shares at a price of $0.01 per Common Share, resulting in an increase
of approximately 7% in the Acquiror’s aggregate ownership of the issued and outstanding Common Shares.
Following
the Acquiror’s acquisition of Common Shares, the Acquiror owns 85,008,698 Common Shares, representing approximately 23% of the
current issued and outstanding Common Shares.
The
acquisition of Common Shares was for investment purposes.
Save
Foods may from time to time increase or decrease ownership or control of securities of the Company depending on the market or other conditions.
It has no current plans or intentions to (a) undertake a corporate transaction, such as a merger, reorganization or liquidation, involving
the Company or any of its subsidiaries; (b) sell or transfer any other material assets to the Company; or cause the Company to sell or
dispose of any of its material assets; (c) change the board of directors or management of the Company, including any plans or intentions
to change the number or term of directors or to fill any existing vacancy on its board; (d) effect a material change in the present capitalization
or dividend policy of the Company; (e) effect a material change in the Company’ s business or corporate structure; (f) effect a
change in the Company’ s charter, bylaws or similar instruments or another action which might impede the acquisition of control
of the Company by any person or company; (g) cause any class of securities of the Company to be delisted from, or cease to be authorized
to be quoted on, a marketplace; (h) cause the Company to cease to be a reporting issuer in any jurisdiction of Canada; (i) solicit proxies
from securityholders; or (j) any action similar to any of those enumerated above.
A
copy of the early warning report will be filed on www.sedarplus.ca.
To
receive a copy of the report, please contact Save Foods at ♦.
The
TSV Venture Exchange (TSXV) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this
release.
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