Metalink Ltd. Files Annual Report on Form 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>Metalink Ltd. has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2023.</b>

AI Summary

METALINK LTD (MTLK) filed a Foreign Annual Report (20-F) with the SEC on April 19, 2024. Metalink Ltd. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company is incorporated in Israel and its principal executive offices are located at Haaliya 24, Beit-Yitzhak. The filing is a registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934, or an annual report pursuant to Section 13 or 15(d). The SEC file number for Metalink Ltd. is 000-30394.

Why It Matters

For investors and stakeholders tracking METALINK LTD, this filing contains several important signals. This filing provides a comprehensive overview of Metalink Ltd.'s financial performance and business operations for the fiscal year 2023, which is crucial for investors to assess the company's current standing and future prospects. As an annual report, it contains essential information regarding the company's financial health, risks, and strategic direction, enabling stakeholders to make informed investment decisions.

Risk Assessment

Risk Level: low — METALINK LTD shows low risk based on this filing. The filing is a standard annual report (Form 20-F) and does not contain immediate, significant new financial data or strategic shifts that would indicate a high-risk profile based solely on this document.

Analyst Insight

Review the full Form 20-F filing to understand Metalink Ltd.'s financial performance, risk factors, and management's discussion for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (The reporting period for the annual report.)
• 2024-04-19 — Filing Date (The date the Form 20-F was filed with the SEC.)
• 000-30394 — SEC File Number (The commission file number assigned to Metalink Ltd.)
• 3674 — SIC Code (Standard Industrial Classification for Semiconductors & Related Devices.)

Key Players & Entities

• METALINK LTD (company) — Registrant name
• 000-30394 (dollar_amount) — Commission file number
• 20231231 (date) — Fiscal year end
• 20240419 (date) — Filing date
• Israel (company) — Jurisdiction of incorporation
• Haaliya 24, Beit-Yitzhak 4292000, Israel (company) — Address of principal executive offices
• Daniel Magen (person) — Company Contact
• +972-72-2117400 (dollar_amount) — Company Contact Telephone

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Defines the period covered by the annual report.
• 2024-04-19: Filing Date — The date the Form 20-F was officially submitted to the SEC.

Key Financial Figures

• $1.00 — by the Bank of Israel, was NIS 3.627 to $1.00. Unless derived from our financial stat
• $145.1 million — of December 31, 2023, was approximately $145.1 million. This is likely to have an adverse impa
• $1.95 million — ecember 31, 2023, we held approximately $1.95 million in cash (including short-term bank depo
• $5.00 — ty that has a market price of less than $5.00 per share or with an exercise price of

Filing Documents

• mtlk-20231231.htm (20-F) — 561KB
• mtlk_ex2z1.htm (EX-2.1) — 28KB
• mtlk_ex12.htm (EX-12) — 8KB
• mtlk_ex13.htm (EX-13) — 4KB
• mtlk_ex15.htm (EX-15) — 3KB
• mtlk20f_1.jpg (GRAPHIC) — 7KB
• 0001096906-24-000890.txt (&nbsp;) — 1845KB
• mtlk-20231231_cal.xml (EX-101.CAL) — 11KB
• mtlk-20231231_def.xml (EX-101.DEF) — 36KB
• mtlk-20231231_lab.xml (EX-101.LAB) — 92KB
• mtlk-20231231_pre.xml (EX-101.PRE) — 76KB
• mtlk-20231231.xsd (EX-101.SCH) — 21KB
• mtlk-20231231_htm.xml (XML) — 121KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 32 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 32 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 32 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 ITEM 16. RESERVED 33 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 33 ITEM 16B. CODE OF ETHICS 34 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 34 ITEM 16D. EXEMPTIONS FROM LISTING STANDARDS FOR AUDIT COMMITTEES 34 ITEM 16E. PURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 34 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 34 ITEM 16G. CORPORATE GOVERNANCE 34 ITEM 16H. MINE SAFETY DISCLOSURE 34 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 34 ITEM 16J. INSIDER TRADING POLICIES 34 ITEM 16K. CYBERSECURITY 34 PART III ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 35 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 35 ITEM 19. EXHIBITS 36 1 PART I

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION A. Reserved B. Capitalization and Indebtedness Not Applicable. C. Reasons for the Offer and Use of Proceeds Not Applicable. D.

Risk Factors

Risk Factors You should carefully consider the following risks before deciding to purchase, hold or sell our stock. Set forth below are the most significant risks, as identified by our management, but we may also face risks in the future that are not presently foreseen. Our business, operating results or financial condition could be materially and adversely affected by these and other risks. You should also refer to the other information contained or incorporated by reference in this annual report, before making any investment decision regarding our company. Risks Related to Our Business and Industry We currently do not engage in any business. Since February 2010, we conducted only limited business activities related to our DSL business, which, since March 2015, we no longer conduct. Our plan of operation is to consider strategic alternatives, including a possible business combination, other strategic transaction with a domestic or foreign, private or public operating entity or a "going private" transaction, including with any of our affiliates. In particular, our Board of Directors has determined to focus on exploring a possible business combination with an operating company. See also below under "We may not be successful in executing our plan of operations" . We may not be successful in executing our plan of operations. Since February 2010, we have not been able to identify and consummate a suitable business opportunity in accordance with our plan of operations and there can be no assurance that we will be successful in identifying and evaluating suitable business opportunities or to otherwise execute our plan of operations. While our plan of operation is to consider strategic transactions and opportunities, we have not determined to pursue any particular opportunities at this time. Accordingly, we may enter into a business combination with a business entity having no significant operating history or other negative characteristics such as having a limit

View Full Filing

View this 20-F filing on SEC EDGAR