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Auto Safety System Developer SAVERONE 2014 Files for $12 Million US IPO

Esther Thin

SaverOne 2014 Ltd, an auto safety system developer, has filed Form F-1 Registration Statement on March 7, 2022 with the U.S. Securities and Exchange Commission to raise up to $12 million IPO. Pricing terms are yet to announce.

The company is a technology company engaged in the design, development and commercialization of transportation and safety solutions designed to save lives by preventing car accidents resulting from the use of mobile phones while driving. SaverOne system provides an advanced driver safety solution that can identify and monitor mobile phones located in the driver’s vicinity and selectively block the use of life-threatening applications.

The Petah Tikvah, Israel-based company was founded in 2014 and plans to list on the Nasdaq, although it has yet to select a ticker (RC ticker: SAVR.RC). ThinkEquity is the underwriter of the IPO.

The company engages McDermott Will & Emery LLP as US Securities Counsel, and Fahn Kanne & Co. Grant Thornton Israel as Independent Auditor.

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