05:30 AM EDT, 08/28/2024 (MT Newswires) -- SaverOne 2014 ( SVRE ) said late Tuesday it signed an agreement to acquire the intellectual property and inventory related to Micronet's Generation-3 camera at no upfront cost.

Shares of SaverOne surged 39% in premarket activity Wednesday.

The company said the acquisition is structured as an earn-out agreement, with future royalty payments to Micronet contingent upon revenue.

The move "expands SaverOne's product line with potential for future revenue growth," it said without disclosing additional financial details.

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