YA II PN Ltd.

06/27/2024 | Press release | Distributed by Public on 06/27/2024 15:31

Beneficial Ownership Report - Form SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

SAVERONE 2014 LTD.

(Name of Issuer)

Ordinary Shares, par value NIS 0.01 per share

(Title of Class of Securities)

80516T105

(CUSIP Number)

June 21, 2024

(Date of Event, which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information, which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act out shall be subject to all other provisions of the Act, (however, see the Notes).

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
YA II PN, Ltd.

(98-0615462)

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Cayman Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares, par value NIS 0.01 per share ("Ordinary Shares") of SaverOne 2014 Ltd., consisting of direct ownership of 1,700,000 American Depositary Shares ("ADSs"), with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
YA Global Investments II (U.S.), LP
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Yorkville Advisors Global, LP
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Yorkville Advisors Global II, LLC
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
YAII GP, LP
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
YAII GP II, LLC
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Mark Angelo
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

CUSIP No. 80516T105

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
SC-Sigma Global Partners, LP
(84-5173620)
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b) ¨
3. SEC Use Only
4. Citizenship or Place of Organization: Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5. Sole Voting Power: 0
6 Shared Voting Power: 8,500,000*
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 8,500,000*
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 8,500,000*
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11. Percentage of Class Represented by Amount in Row (9): 9.75%**
12. Type of Reporting Person (See Instructions): OO

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

Item 1.

(a) Name of Issuer:

SaverOne 2014 Ltd.

(b) Address of Issuer's Principal Executive Offices:

Em Hamoshavot Rd. 94

Petah Tikvah, Israel

Item 2. Identity and Background.
(a) Name of Person Filing:

YA II PN, Ltd.

(b) Address of Principal Executive Office or, if none, Residence of Reporting Persons:

1012 Springfield Ave.

Mountainside, NJ 07092

(c) Citizenship:

Cayman Islands

(d) Title of Class of Securities:

Ordinary Shares, par value NIS 0.01 per share

(e) CUSIP Number:

80516T105 (assigned to the American Depositary Shares ("ADSs"). Each ADS represents 5 Ordinary Shares)

Item 3. If the statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:
(a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 of the Act (15 U.S.C. 78o);
(e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); or
(k) x Group, in accordance with 240.13d(b)(1)(ii)(K).
Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.

(a) Amount beneficially owned: 8,500,000*
(b) Percentage of Class: 9.75%**
(c) Number of shares as to which the person has:
(i) Sole Power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,500,000
(iii) Sole power to dispose or to direct the disposition: 0
(iv) Shared power to dispose or to direct the disposition: 8,500,000

* 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

** Calculation based on 87,184,231 outstanding Ordinary Shares as reported by the Issuer in its Form 424B4 filed with the U.S. Securities and Exchange Commission on June 25, 2024.

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

Item 6. Ownership of more than five percent on Behalf of Another Person.

The reporting persons own an aggregate of 8,500,000 Ordinary Shares of the Issuer, consisting of direct ownership of 1,700,000 ADSs, with each ADS representing 5 Ordinary Shares.

Direct beneficial ownership of such Ordinary Shares by the reporting persons is as follows:

· YA II PN, Ltd. - 8,500,000 (repsented by 1,700,000 ADSs)
· YA Global Investments II (U.S.), LP - 0
· Yorkville Advisors Global, LP - 0
· Yorkville Advisors Global II, LLC - 0
· YAII GP, LP - 0
· YAII GP II, LLC - 0
· Mark Angelo - 0
· SC-Sigma Global Partners, LP - 0

In addition, YA II PN, Ltd. ("YA II") entered into a Standby Equity Purchase Agreement ("SEPA") with the Issuer, dated as of June 5, 2023, as ameded. Under the SEPA, the Issuer has the option to sell up to $15 million of its ADRs, each ADS representing 5 Ordinary Shares, to YA II, and YA II is obligated to purchase such shares, at a price and on the terms and subject to the conditions set forth in the SEPA. Under the SEPA, the Issuer is prohibited from issuing and selling shares to YA II to the extent that it would cause the aggregate number of shares beneficially owned by YA II and its affiliates to exceed 4.99% of the outstanding voting power or number of Ordinary Shares of the Issuer. In connection with the SEPA, YA II loaned to the Issuer an amount of $2,000,000 evidenced by a non-convertible promissory note, and on December 11, 2023 YA II loaned to the Issuer an additional $1,000,000 evidenced by a second non-convertible promissory note. As of the date hereof, the first note has been fully repaid and $1,000,000 of principal amount remains outstanding under the second note.

Below is a description of the relationship among the reporting persons:

YA II PN, Ltd. ("YA II") is beneficially owned by YA Global Investments II (U.S.), LP (the "YA Feeder"). Yorkville Advisors Global, LP (the "YA Advisor") is the investment manager to YA II. Yorkville Advisors Global II, LLC (the "YA Advisor GP") is the general partner to the YA Advisor. YAII GP, LP (the "YA GP") is the general partner to the YA Feeder. YAII GP II, LLC (the "Yorkville GP") is the general partner to the YA GP. Mark Angelo makes the investment decisions on behalf of YA II. Accordingly, each of YA II, YA Feeder, the YA Advisor, the YA Advisor GP, the YA GP, the Yorkville GP and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of Ordinary Shares.

YAII GP, LP is the general partner of SC-Sigma Global Partners, LP ("SC-Sigma"), which is an investor in YA II. YAII GP II, LLC is the general partner of YAII GP, LP. The YA Advisor is the investment manager to SC-Sigma. Accordingly, SC-Sigma, the YA GP, the Yorkville GP, the YA Advisor, and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of shares of Ordinary Shares.

For purposes of this filing, each of the reporting persons is deemed an affiliate of each other reporting person.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable

Item 8. Identification and Classification of Member Group

See Item 6.

Item 9. Notice of Dissolution of Group

Not Applicable

Item 10. Certification

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as participant in any transaction having that purpose or effect.

Additional Information:

Each Reporting Person disclaims beneficial ownership of any securities beneficially owned by each other Reporting Person, and its report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement in true, complete and correct.

Dated: June 27, 2024
REPORTING PERSON:
YA II PN, Ltd.
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
YA Global Investments II (U.S.), LP
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
Yorkville Advisors Global, LP
By: Yorkville Advisors Global, LLC
Its: General Partner
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
Yorkville Advisors Global II, LLC
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
YAII GP, LP
By: YAII GP II, LLC
Its: General Partner
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
YAII GP II, LLC
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer
/s/ Mark Angelo
MARK ANGELO
SC-Sigma Global Partners, LP
By: /s/ Robert Munro
Robert Munro
Chief Compliance Officer