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    SEC Form 424B3 filed by Evogene Ltd

    5/20/26 8:45:28 AM ET
    $EVGN
    Agricultural Chemicals
    Industrials
    Get the next $EVGN alert in real time by email
    424B3 1 zk2635385.htm 424B3

     

     
     

     

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

     

    PROSPECTUS SUPPLEMENT NO. 1
    (to Prospectus dated March 26, 2026)

      

    EVOGENE LTD.

     

    2,446,707 Ordinary Shares
    Offered by the Selling Shareholder

     

    This Prospectus Supplement No. 1 updates, amends, and supplements the prospectus dated March 26, 2026 (as amended and supplemented, the “Prospectus”), which forms a part of our Registration Statement on Form F-1 (Registration No. 333- 282218), as most recently amended by Post-Effective Amendment No. 3 filed with the SEC on March 26, 2026, which was declared effective on April 3, 2026. 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 month period ended on, March 31, 2026 (the “Q1 2026 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 May 20, 2026. Accordingly, we have included the Q1 2026 financial statements in this prospectus supplement.

     

    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 supplement, 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 May 19, 2026, was $0.74 per share.

     

    Investing in our ordinary shares is highly speculative and involves a high degree of risk. See “Risk Factors” beginning on page 5 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, 2025, which we filed with the Securities and Exchange Commission on March 26, 2026, 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 May 20, 2026

     

     

     

     

    CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION 

     

    U.S. dollars in thousands

     

       March 31,   December 31, 
      2026   2025 
       Unaudited     
    ASSETS        
    CURRENT ASSETS:          
    Cash and cash equivalents  $8,511   $12,956 
    Short-term bank deposits   4,543    - 
    Restricted cash   32    32 
    Trade receivables   286    317 
    Other receivables and prepaid expenses   1,416    1,565 
    Deferred expenses related to issuance of warrants   -    551 
    Inventories   175    210 
               
        14,963    15,631 
    LONG-TERM ASSETS:          
    Long-term deposits and other receivables   576    571 
    Investment accounted for using the equity method   -    43 
    Deferred expenses related to issuance of warrants   -    1,165 
    Right-of-use-assets   1,672    1,824 
    Property, plant and equipment, net   737    812 
               
        2,985    4,415 
               
    TOTAL ASSETS  $17,948   $20,046 
               
    LIABILITIES AND EQUITY          
               
    CURRENT LIABILITIES:          
    Trade payables  $463   $639 
    Employees and payroll accruals   922    861 
    Lease liabilities   654    716 
    Liabilities in respect of government grants   101    56 
    Deferred revenues and other advances   21    17 
    Warrants and pre-funded warrants liability   1,721    706 
    Other payables   1,482    449 
               
        5,364    3,444 
    LONG-TERM LIABILITIES:          
    Lease  liabilities   1,377    1,482 
    Liabilities in respect of government grants   3,149    3,073 
    Deferred revenues and other advances   68    72 
               
        4,594    4,627 
               
    TOTAL LIABILITIES  $9,958   $8,071 

     

    SHAREHOLDERS' EQUITY:s        
    Ordinary shares of NIS 0.2 par value:
    Authorized – 30,000,000 ordinary shares; Issued and outstanding – 10,412,764 ordinary shares on March 31, 2026 and 6,672,173 ordinary shares on December 31, 2025
       708    488 
    Share premium and other capital reserves   285,173    281,986 
    Accumulated deficit   (288,426)   (282,556)
               
    Equity attributable to equity holders of the Company   (2,545)   (82)
               
    Non-controlling interests   10,535    12,057 
               
    TOTAL EQUITY   7,990    11,975 
               
    TOTAL LIABILITIES AND EQUITY  $17,948   $20,046 

     

     

    CONSOLIDATED INTERIM STATEMENTS OF PROFIT OR LOSS

     

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

     

      

    Three months ended

    March 31, 

      

    Year ended 

    December 31, 

     
       2026   2025(*)   2025 
       Unaudited     
                 
    Revenues  $334   $2,343   $3,853 
                    
    Cost of revenues:               
    Inventory impairment   -    -    2,180 
    Other cost of revenues   130    1,517    1,914 
    Total Cost of Revenues   130    1,517    4,094 
                    
    Gross profit   204    826    (241)
                    
    Operating expenses (income):               
                    
    Research and development, net   1,839    2,471    7,994 
    Sales and marketing   389    397    1,476 
    General and administrative   1,156    1,176    4,286 
    Other expenses (income)   (30)   (191)   37 
                    
    Total operating expenses, net   3,354    3,853    13,793 
                    
    Operating loss   (3,150)   (3,027)   (14,034)
                    
    Financing income   1,171    1,584    2,508 
    Financing expenses   (3,884)   (458)   (1,933)
                    
    Financing income (expenses), net   (2,713)   1,126    575 
                    
    Share of loss of an associate   43    2    39 
                    
    Loss before taxes on income   (5,906)   (1,903)   (13,498)
    Taxes on income   4    -    1 
                    
    Loss from continuing operations   (5,910)   (1,903)   (13,499)
    Income (loss) from discontinued operations, net   14    (1,086)   5,672 
                    
    Loss  $(5,896)  $(2,989)  $(7,827)
                    
    Attributable to:               
    Equity holders of the Company   (5,870)   (2,587)   (8,485)
    Non-controlling interests   (26)   (402)   658 
                    
       $(5,896)  $(2,989)  $(7,827)
                    
    Basic and diluted gain (loss) per share from continuing operations, attributable to equity holders of the Company
      $(0.60)  $(0.26)  $(1.70)
                    
    Basic and diluted gain (loss) per share from discontinued operations, attributable to equity holders of the Company  $0.00   $(0.12)  $0.62 
                    
    Basic and diluted gain (loss) per share, attributable to equity holders of the Company  $(0.60)  $(0.38)  $(1.08)
    Weighted average number of shares used in computing basic and diluted loss per share
       9,738,434    6,798,173    7,874,039 

     

    (*) Reclassified to conform to the current period presentation, following the classification of certain operations as discontinued operations.

     

     

    CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS 

     

    U.S. dollars in thousands

     

      

    Three months ended 

    March 31, 

      

    Year ended 

    December 31, 

     
       2026   2025(*)   2025 
       Unaudited     
    Cash flows from operating activities:               
                    
    Loss from continuing operations  $(5,910)  $(1,903)  $(13,499)
                    
    Adjustments to reconcile loss to net cash used in operating activities:               
                    
    Adjustments to the profit or loss items:               
                    
    Depreciation and amortization of property, plant and equipment and right-of-use-assets   202    310    1,144 
    Share-based compensation   (9)   238    654 
    Remeasurement of Convertible SAFE   -    -    (371)
    Net financing income   (234)   8    (28)
    Gain from sale of equipment and deduction of right-of-use asset and subsequent investment in sub-lease asset   (23)   (191)   (209)
    Impairment of property, plant and equipment   -    -    246 
    Inventory impairment   -    -    2,180 
    Revaluation of government grants   20    -    40 
    Amortization of deferred expenses related to issuance of warrants   1,716    326    1,323 
    Expenses related to warrants inducement transaction   2,095    -    - 
    Remeasurement of pre-funded warrants and warrants   (1,046)   (1,477)   (1,781)
    Share of loss of an associate   43    2    39 
    Taxes on income (tax benefit)   4    -    (6)
                    
        2,768    (784)   3,231 
    Changes in asset and liability items:
                   
                    
    Decrease (increase) in trade receivables   31    (1,530)   665 
    Decrease in other receivables and prepaid expenses   124    1,402    1,047 
    Decrease (increase) in inventories   35    (447)   (1,019)
    Decrease in trade payables   (115)   (306)   (259)
    Increase (decrease) in employees and payroll accruals   61    (227)   (756)
    Decrease in other payables   (70)   (320)   (570)
    Decrease in deferred revenues and other advances   -    (155)   (361)
                    
        66    (1,583)   (1,253)
                    
    Cash received (paid) during the year for:               
                    
    Interest received   137    95    338 
    Interest paid   (40)   (46)   (193)
    Taxes paid   (15)   -    (11)
                    
    Net cash used in continuing operating activities   (2,994)   (4,221)   (11,387)
    Net cash used in operating activities of discontinued operations   40    (961)   (2,115)
    Net cash used in operating activities   (2,954)   (5,182)   (13,502)

     

     

    CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS 

     

    U.S. dollars in thousands

     

       Three months ended   March 31,   Year ended 
       2026  2025(*)   December 31, 
       Unaudited   2025 
                 
    Cash flows from investing activities:               
                    
    Purchase of property, plant and equipment   (2)   (121)   (135)
    Proceeds from sale of property, plant and equipment   23    -    78 
    Proceeds from finance sub -lease asset   21    3    52 
    Withdrawal from (investment in) bank deposits, net   (4,528)   (2,327)   (1)
                    
    Net cash provided by (used in) continuing investing activities   (4,486)   (2,445)   (6)
    Net cash provided by investing activities of discontinued operations   -    -    17,744 
    Net cash provided by investing activities   (4,486)   (2,445)   17,738 
                    
    Cash flows from financing activities:               
                    
    Proceeds from issuance of ordinary shares, net of issuance expenses   -    -    4,283 
    Proceeds from issuance of ordinary shares in warrant inducement transaction, net of issuance expenses   3,206    -    - 
    Repayment of lease liabilities   (121)   (146)   (526)
    Proceeds from government grants   101    -    - 
    Dividend paid by subsidiary   (193)          
    Repayment of convertible SAFE   -    -    (10,000)
    Repayment of government grants   -    (122)   (244)
                    
    Net cash provided by (used in) continuing financing activities   2,993    (268)   (6,487)
    Net cash provided by (used in) financing activities of discontinued operations   -    109    (115)
     Net cash provided by (used in) financing activities   2,993    (159)   (6,602)
    Exchange rate differences - cash and cash equivalent balances   2    (20)   21 
                    
    Increase (decrease) in cash and cash equivalents   (4,445)   (7,806)   (2,345)
                    
    Cash and cash equivalents at the beginning of the period   12,956    15,301    15,301 
                    
    Cash and cash equivalents at the end of the period  $8,511   $7,495   $12,956 
                    
    Significant non-cash activities               
                    
    Acquisition of property, plant and equipment   -    -    2 
    Increase of right-of-use-asset recognized with corresponding lease liability   15    207    207 
    Exercise of pre-funded warrants   -    229    389 
    Derecognition of property, plant and equipment under a finance lease   -    13    13 
    Dividend declared by subsidiary but not yet paid   1,129    -    - 

     

    (*) Reclassified to conform to the current period presentation, following the classification of certain operations as discontinued operations.

     

     

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    Amendment: SEC Form SC 13G/A filed by Evogene Ltd

    SC 13G/A - Evogene Ltd. (0001574565) (Subject)

    10/15/24 6:52:26 AM ET
    $EVGN
    Agricultural Chemicals
    Industrials

    SEC Form SC 13G filed by Evogene Ltd

    SC 13G - Evogene Ltd. (0001574565) (Subject)

    2/14/24 8:30:01 PM ET
    $EVGN
    Agricultural Chemicals
    Industrials

    SEC Form SC 13G/A filed by Evogene Ltd (Amendment)

    SC 13G/A - Evogene Ltd. (0001574565) (Subject)

    2/11/22 12:15:01 PM ET
    $EVGN
    Agricultural Chemicals
    Industrials