Micro Cap Bid Up At Opening Bell

It’s not very often that we dig into public offering announcements since usually it has a negative effect on the underlying share price due to dilution. This whole mindset of ours shifts however when a previously announced public offering is cancelled.

That’s exactly what happened with SaverOne 2014 Ltd. (Nasdaq:SVRE) on Tuesday morning after the company withdrew it’s plans for a securities offering. Shares of the micro cap are currently bid up at $0.461/share (+8.93% implied open for sellers) at the time of writing. It should be an exciting session to watch!

Saverone 2014 Ltd provides driver protection solutions. The company’s product restricts the driver from surfing, communicating and receiving alerts while driving.

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