AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Evogene Ltd.

Foreign Filer Report Mar 6, 2025

6785_rns_2025-03-06_467793ec-34d4-4293-a5ea-d9e4476b38bb.pdf

Foreign Filer Report

Open in Viewer

Opens in native device viewer

Filed Pursuant to Rule 424(b)(3) Registration No. 333-282218

PROSPECTUS SUPPLEMENT NO. 4 (to Prospectus dated September 27, 2024)

3,384,616 Ordinary Shares

This Prospectus Supplement No. 4 updates, amends, and supplements the prospectus dated September 27, 2024 (as amended and supplemented, the "Prospectus"), which forms a part of our Registration Statement on Form F-1 (Registration No. 333- 282218). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.

This prospectus supplement is being filed to update, amend, and supplement the information in the Prospectus with the GAAP financial statements as of, and for the three and twelve month periods ended on, December 31, 2024 (the "Q4 2024 financial statements") included in the press release attached as Exhibit 99.1 to our Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on March 6, 2025 Accordingly, we have included the Q4 2024 financial statements in this prospectus supplement.

This prospectus supplement is also being filed to update, amend, and supplement the information in the Prospectus, with respect to the change in the composition of our board of directors, included in our Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on March 6, 2025.

This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.

As of the date of this Prospectus, our ordinary shares are listed and trade on the Nasdaq Capital Market under the symbol "EVGN". The last reported sale price of our ordinary shares on March 5, 2025, was \$1.41 per share.

Investing in our ordinary shares is highly speculative and involves a high degree of risk. See "Risk Factors" beginning on page 8 of the Prospectus for a discussion of information that should be considered in connection with an investment in our ordinary shares, as well as the risks described under the heading "Item 3 Key Information – D. Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, which we filed with the Securities and Exchange Commission on March 28, 2024, and in other documents incorporated by reference into the Prospectus, and under similar headings in any amendment or supplements to the Prospectus.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities, or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is March 6, 2025

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2025

Commission File Number 001-36187

EVOGENE LTD.

(Translation of Registrant's Name into English)

13 Gad Feinstein Street, Park Rehovot, Rehovot

7638517, Israel (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

CONTENTS

On March 6, 2025, Evogene Ltd. ("Evogene") announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. A Copy of the press release announcing those results is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this "Form 6-K") and is incorporated herein by reference.

Evogene is holding a conference call on March 6, 2025 to discuss its quarterly results for the quarter ended December 31, 2024 and, in connection with that call, will make available to its investors a slide presentation to provide additional information regarding its business and its financial results. That slide presentation is attached as Exhibit 99.2 to this Form 6-K and is incorporated herein by reference.

The GAAP financial statements tables contained in the press release attached to this Form 6-K are incorporated by reference in the registration statements on Form F-3 (Securities and Exchange Commission ("SEC") File Nos. 333-253300 and 333-277565), and Form S-8 (SEC File Nos. 333-259215, 333-193788, 333-201443 and 333-203856) of Evogene, and will be a part thereof from the date on which this Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EVOGENE LTD. (Registrant)

Date: March 6, 2025

By: /s/ Yaron Eldad

— — — — — — — — — — — — — —

Yaron Eldad Chief Financial Officer

EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION

99.1 Press Release: Evogene Reports Fourth Quarter and Full Year 2024 Financial Results. 99.2 Slide presentation for conference call of Evogene held on March 6, 2025, discussing Evogene's quarterly financial results for the fourth quarter of 2024.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

U.S. dollars in thousands

December 31,
2024
December 31,
2023
CURRENT ASSETS:
Cash and cash equivalents \$
15,301
\$
20,772
Short-term bank deposits 10 10,291
Trade receivables 1,091 357
Other receivables and prepaid expenses 2,064 2,973
Deferred expenses related to issuance of warrants 3,039 -
Inventories 1,819 76
23,324 34,469
LONG-TERM ASSETS:
Long-term deposits and other receivables 12 28
Investment accounted for using the equity method 82 -
Right-of-use-assets 2,447 980
Property, plant and equipment, net 1,804 2,455
Intangible assets, net 12,195 13,169
16,540 16,632
\$
39,864
\$
51,101
CURRENT LIABILITIES:
Trade payables \$
1,228
\$
1,785
Employees and payroll accruals 1,869 2,537
Lease liability 589 853
Liabilities in respect of government grants 323 388
Deferred revenues and other advances 360 362
Warrants and pre-funded warrants liability 2,876 -
Convertible SAFE 10,371 -
Other payables 1,079 1,019
18,695 6,944
LONG-TERM LIABILITIES:
Lease liability 1,914 285
Liabilities in respect of government grants 4,327 4,426
Deferred revenues and other advances 90 393
Convertible SAFE - 10,368
6,331 15,472
SHAREHOLDERS' EQUITY:
Ordinary shares of NIS 0.2 par value:
Authorized – 15,000,000 ordinary shares; Issued and outstanding – 6,795,589 shares on December 31, 2024 and 5,079,313 (*) shares on
December 31, 2023 363 286
Share premium and other capital reserve 272,257 269,353
Accumulated deficit (274,071) (257,586)
Equity attributable to equity holders of the Company (1,451) 12,053
Non-controlling interests 16,289 16,632
Total equity 14,838 28,685
\$
39,864
\$
51,101

(*) Shares and per shares amounts have been retroactively adjusted to reflect the reserve stock split

U.S. dollars in thousands (except share and per share amounts)

Year ended
December 31,
Three months ended
December 31,
2024 2023 2024 2023
Revenues \$ 8,511 \$ 5,640 \$ 1,611 \$ 578
Cost of revenues 2,683 1,692 755 398
Gross profit 5,828 3,948 856 180
Operating expenses (income):
Research and development, net 16,648 20,777 3,401 5,545
Sales and marketing 3,425 3,611 650 1,033
General and administrative 7,441 6,068 1,372 1,230
Other expenses 524 - - -
Total operating expenses, net 28,038 30,456 5,423 7,808
Operating loss (22,210) (26,508) (4,567) (7,628)
Financing income 7,546 1,486 4,726 358
Financing expenses (3,342) (965) (144) (71)
Financing income (expenses), net 4,204 521 4,582 287
Share of loss of an associate 39 - 13 -
Gain (loss) before taxes on income (18,045) (25,987) 2 (7,341)
Taxes on income (tax benefit) 9 (33) 7 (4)
Loss \$ (18,054) \$ (25,954) \$ (5) \$ (7,337)
Attributable to:
Equity holders of the Company (16,485) (23,879) 427 (6,601)
Non-controlling interests (1,569) (2,075) (432) (736)
\$ (18,054) \$ (25,954) \$ (5) \$ (7,337)
Basic and diluted loss per share, attributable to equity holders of the Company (*) \$ (2.89) \$ (5.20) \$ 0.06 \$ (1.30)
Weighted average number of shares used in computing basic and diluted loss per share (*) 5,697,245 4,589,386 6,795,589 5,079,313

(*) Shares and per shares amounts have been retroactively adjusted to reflect the reserve stock split.

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands

Year ended
December 31,
Three months ended
December 31,
2024 2023 2024 2023
Cash flows from operating activities:
Loss \$ (18,054) \$ (25,954) \$ (5) \$ (7,337)
Adjustments to reconcile loss to net cash used in operating activities:
Adjustments to the profit or loss items:
Depreciation and amortization 1,530 1,641 348 418
Amortization of intangible assets 974 971 245 245
Share-based compensation 1,795 1,877 317 113
Revaluation of convertible SAFE 3 254 51 77
Net financing income (689) (666) (986) (460)
Loss (gain) from sale of property, plant and equipment 524 (26) - -
Excess of initial fair value of pre-funded warrants over transaction proceeds 2,684 - - -
Amortization of deferred expenses related to issuance of warrants 471 - 334 -
Remeasurement of pre-funded warrants and warrants (6,529) - (4,589) -
Associated Company loss share 39 - 13 -
Taxes on income (tax benefit) 9 (33) 7 (4)
811 4,018 (4,260) 389
Changes in asset and liability items:
Decrease (increase) in trade receivables (734) (9) 499 988
Decrease (increase) in other receivables 925 (1,445) 324 (1,025)
Decrease (increase) in inventories (1,743) 490 (363) 37
Decrease in deferred taxes - 94 - 94
Increase (decrease) in trade payables (596) 742 (62) 563
Increase (decrease) in employees and payroll accruals (668) 550 (420) 478
Increase (decrease) in other payables 62 (534) (77) (67)
Decrease in deferred revenues and other advances (559) (288) (463) (478)
(3,313) (400) (562) 590
Cash received (paid) during the period for:
Interest received 934 905 288 472
Interest paid (67) (115) (11) (23)
Taxes paid (11) (31) (11) (16)
Net cash used in operating activities \$ (19,700) \$ (21,577) \$ (4,561) \$ (5,925)

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands

Year ended
December 31,
Three months ended
December 31,
2024 2023 2024 2023
Cash flows from investing activities:
Purchase of property, plant and equipment \$ (626) \$ (785) \$ (322) \$ (86)
Proceeds from sale of marketable securities - 6,924 - -
Purchase of marketable securities - (503) - -
Proceeds from sale of property, plant and equipment 58 26 - -
Proceeds from short term bank deposits, net 10,190 (10,200) 9,080 (500)
Net cash provided by (used in) investing activities 9,622 (4,538) 8,758 (586)
Cash flows from financing activities:
Issuance of a subsidiary preferred shares to non-controlling interests - 9,523 - -
Proceeds from issuance of ordinary shares, pre-funded warrants and warrants 5,500 - - -
Proceeds from issuance of ordinary shares, net of issuance expenses 123 8,449 - 45
Repayment of lease liability (901) (836) (206) (212)
Proceeds from government grants 232 1,089 - 20
Repayment of government grants (298) (73) - -
Net cash provided by (used in) financing activities 4,656 18,152 (206) (147)
Exchange rate differences - cash and cash equivalent balances (49) (245) (7) 99
Decrease in cash and cash equivalents (5,471) (8,208) 3,984 (6,559)
Cash and cash equivalents beginning of the period 20,772 28,980 11,317 27,331
Cash and cash equivalents end of the period \$ 15,301 \$ 20,772 \$ 15,301 \$ 20,772
Significant non-cash activities
Acquisition of property, plant and equipment \$ 120 \$ 81 \$ 120 \$ 81
Increase of right-of-use-asset recognized with corresponding lease liability \$ 2,307 \$ 194 \$ - \$ 59
Exercise of pre-funded warrants \$ 2,289 \$ - \$ 2,289 \$ -
Investment in affiliated Company with corresponding deferred revenues \$ 120 \$ - \$ - \$ -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2025

Commission File Number 001-36187

EVOGENE LTD.

(Translation of Registrant's Name into English)

13 Gad Feinstein Street, Park Rehovot, Rehovot 7638517, Israel (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

CONTENTS

Evogene Ltd., or the Company, reports changes in the composition of its board of directors, or the Board. A copy of the press release announcing these changes is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this "Form 6-K")

Ms. Sarit Firon has decided to step down from her role as chairperson of the Board but will continue to serve as a member of the Board. Ms. Firon will be replaced by Mr. Nir Nimrodi, who has been serving as a member of the Board since September 2022. In addition, the Company's President and CEO, Mr. Ofer Haviv, will join as a member of the Board and will remain in office until the earlier of the first annual or special general meeting of shareholders following his appointment.

The Company thanks Ms. Sarit Firon for her dedication and contribution to the Company as a chairperson over the years and looks forward to her continued support as a member of the Board.

The content of this Form 6-K (excluding Exhibit 99.1) is incorporated by reference into the registration statements on Form F-3 (File No. 333-277565) and on Form S-8 (File Nos. 333-193788, 333-201443, 333-203856 and 333-259215) of the Company, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EVOGENE LTD. (Registrant)

By: /s/ Yaron Eldad Yaron Eldad Chief Financial Officer

Date: March 6, 2025

EXHIBIT NO. DESCRIPTION

99.1 Press Release: Evogene Announces the Appointment of Nir Nimrodi as the New Chairperson of the Board, Effective March 5, 2025

Talk to a Data Expert

Have a question? We'll get back to you promptly.