Formula Systems Completes Israeli Series D Debenture Offering
Ticker: FORTY · Form: 6-K · Filed: Sep 19, 2024 · CIK: 1045986
| Field | Detail |
|---|---|
| Company | Formula Systems (1985) Ltd (FORTY) |
| Form Type | 6-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, israel
TL;DR
Formula Systems just closed its Israeli Series D Debenture offering, filed with the ISA and TASE.
AI Summary
Formula Systems (1985) Ltd. announced on September 17, 2024, the completion of its Israeli Series D Debenture offering. The company published a shelf offering report with the Israeli Securities Authority and the Tel Aviv Stock Exchange regarding this offering.
Why It Matters
This debenture offering indicates Formula Systems' ability to raise capital through debt financing in the Israeli market, potentially for expansion or operational needs.
Risk Assessment
Risk Level: low — The filing is a routine report on a completed debt offering and does not contain significant new risks.
Key Players & Entities
- Formula Systems (1985) Ltd. (company) — Registrant
- Israeli Securities Authority (company) — Regulatory body
- Tel Aviv Stock Exchange (company) — Stock exchange
- September 17, 2024 (date) — Date of offering completion
FAQ
What is the purpose of the Series D Debenture offering?
The filing does not specify the exact purpose of the Series D Debenture offering, but it is a debt financing instrument.
What is the total amount raised in the Series D Debenture offering?
The filing does not disclose the total amount raised in the Series D Debenture offering.
When was the shelf offering report published?
The shelf offering report was published on September 17, 2024.
Which regulatory bodies were notified of the offering?
The Israeli Securities Authority (ISA) and the Tel Aviv Stock Exchange (TASE) were notified.
Does Formula Systems file annual reports under Form 20-F or 40-F?
Formula Systems indicates it files annual reports under Form 20-F.
Filing Stats: 875 words · 4 min read · ~3 pages · Grade level 16.2 · Accepted 2024-09-19 08:26:14
Filing Documents
- ea0215082-6k_formula.htm (6-K) — 15KB
- 0001045986-24-000010.txt ( ) — 16KB
SIGNATURES
SIGNATURES 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. FORMULA SYSTEMS (1985) LTD. Date: September 19, 2024 By: /s/ Asaf Berenstin Asaf Berenstin Chief Financial Officer 2