UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Act of 1934
(Amendment No. 1)
SAVE FOODS, INC.
(Name of Issuer)
Common Stock, $0.0001 Par Value
(Title of Class of Securities)
80512Q 303
(CUSIP Number)
December 31, 2021
(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) | |
| ☒ | 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 on the remainder of this cover page shall not be deemed to be “filed” for purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| -2- |
| 1 | NAME OF REPORTING PERSON
Yaad Consulting & Management Services (1995) Ltd. (1) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Israel |
NUMBER OF SHARES BENEFICIALLY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
|
90,661 (2)(3) |
| 6 | SHARED VOTING POWER
|
0 | |
| 7 | SOLE DISPOSITIVE POWER
|
90,661 (2)(3) | |
| 8 | SHARED DISPOSITIVE POWER
|
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,661 (2)(3) | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐
|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.23%(4) | |
| 12 | TYPE OF REPORTING PERSON
CO | |
| (1) | Itschak Shrem is the officer, sole director, chairman of the board of directors and control shareholder of Yaad Consulting & Management Services (1995) Ltd. (“Yaad Consulting”). |
| (2) | As of December 31, 2021, Yaad Consulting is the beneficial owner of 90,661 shares of Common Stock. |
| (3) | Such amount reflects a one-for-seven reverse stock split effected by Save Foods, Inc. (the “Issuer”) on February 23, 2021, as described in the prospectus filed by the Issuer with the Securities and Exchange Commission (the “SEC”) on May 13, 2021 pursuant to Rule 424(b)(4) under the Securities Act. |
| (4) | Based on 2,806,536 shares of Common Stock issued and outstanding as of November 15, 2021, according to the Issuer’s Quarterly Report on Form 10-Q with the SEC on November 15, 2021. |
| -3- |
| 1 | NAME OF REPORTING PERSON
Itschak Shrem (1) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Israel |
NUMBER
OF PERSON WITH |
5 | SOLE VOTING POWER
|
90,661 (2)(3) |
| 6 | SHARED VOTING POWER
|
0 | |
| 7 | SOLE DISPOSITIVE POWER
|
90,661 (2)(3) | |
| 8 | SHARED DISPOSITIVE POWER
|
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,661 (2)(3) | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐
|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.23%(4) | |
| 12 | TYPE OF REPORTING PERSON
IN | |
| (1) | Itschak Shrem is the officer, sole director, chairman of the board of directors and control shareholder of Yaad Consulting. |
| (2) | As of December 31, 2021, Yaad Consulting is the beneficial owner of 90,661 shares of Common Stock. |
| (3) | Such amount reflects a one-for-seven reverse stock split effected by the Issuer on February 23, 2021, as described in the prospectus filed by the Issuer with the SEC on May 13, 2021 pursuant to Rule 424(b)(4) under the Securities Act. |
| (4) | Based on 2,806,536 shares of Common Stock issued and outstanding as of November 15, 2021, according to the Issuer’s Quarterly Report on Form 10-Q with the SEC on November 15, 2021. |
| -4- |
Item 1(a) |
Name of Issuer: |
Save Foods, Inc.
| Item 1(b) | Address of Issuer’s Principal Executive Offices: |
730 NW 107 Avenue, Miami, Florida, 33172
| Item 2(a) | Name of Person Filing: |
Itschak Shrem
| Item 2(b) | Address or Principal Business Office or, if none, Residence: |
20 Raoul Wallenberg Street, Tel Aviv, Israel 6971916
| Item 2(c) | Citizenship: |
Israel
| Item 2(d) | Title of Class of Securities: |
Common Stock, $0.0001 Par Value
| Item 2(e) | CUSIP Number: |
80512Q 303
| Item 3 | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is: |
Not applicable.
| Item 4 | Ownership. |
See items 5-11 of the cover pages hereto for beneficial ownership, percentage of class and dispositive power of the Reporting Person, which is incorporated herein.
| Item 5 | Ownership of Five Percent or Less of a Class. |
The reporting person no longer owns 5% or more of the stock in the issuer and are therefore filing this final from 13G.
| Item 6 | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
| 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 Members of the Group. |
Not applicable.
| Item 9 | Notice of Dissolution of Group. |
Not applicable.
| Item 10 | Certifications. |
Not applicable.
| -5- |
SIGNATURES
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 a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: February 14, 2022 | ITSCHAK SHREM |
| /s/ Itschak Shrem | |
| Itschak Shrem |