v3.26.3
Safe
3 Months Ended
Sep. 30, 2026
Safe [Abstract]  
SAFE

NOTE 6: - SAFE

 

As of September 30, 2026, the fair value of the SAFE agreements related to Kokomodo remained unchanged at $794, compared to of June 30, 2026.

 

In connection with the Fishway Transaction, Ever After Foods and the holders of certain securities of Fishway, or the Sellers, entered into a SAFE agreement for an aggregate amount of $2,000. Pursuant to the terms of the SAFE agreement, in the event of an Equity Financing, as defined in the applicable SAFE agreement as a capital raising transaction or series of transactions, pursuant to which (i) Ever After Foods issues and sells a new series of preferred shares or ordinary shares of Ever After Foods at a fixed pre-money valuation; and (ii) at least $6,000 of the amount of the capital raised is not attributed to the SAFE Investors (as defined in the SAFE agreements), the investment will be automatically converted into the number of the most senior preferred shares or ordinary shares of Ever After Foods, equal to the purchase amount divided by either: (1) the price per share equal to a Valuation Cap (as defined in the SAFE agreement) divided by Ever After Foods Capitalization (as defined in the SAFE agreement), or (2) the price per preferred share sold in the Equity Financing discounted by 10%. The SAFE instruments are classified within Level 3 of the fair value hierarchy (see note 2d). As of September 30, 2026, an aggregate amount of $1,000 was received according to the terms of the SAFE agreement and no change in fair value was recorded.

 

    SAFE  
SAFE balance at the beginning of year   $ 794  
Initial fair value recognition     1,000  
Balance as of September 30, 2026   $ 1,794