FORTY Formula Systems 1985 Ltd

 

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 September 2024

 

 Commission File Number 0-29442

 

FORMULA SYSTEMS (1985) LTD.

(Translation of registrant’s name into English)

 

Terminal Center, 1 Yahadut Canada Street, Or-Yehuda, Israel 6037501

(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 September 9, 2024, Formula Systems (1985) Ltd. (“Formula” or the “Company”) announced that it has received the approval of the Israeli Securities Authority to a 12-month extension of the term of the Company’s Israeli shelf prospectus filed on September 21, 2022, under which that prospectus will now remain in effect until August 21, 2025.

 

A copy of the announcement is appended to this Report of Foreign Private Issuer on Form 6-K as Exhibit 99.1.

 

 

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.
By:	/s/ Asaf Berenstin
	Name: Asaf Berenstin Title: Chief Financial Officer
	Date: September 9, 2024

 

 

EXHIBIT INDEX

 

EXHIBIT NUMBER		DESCRIPTION
99.1		Formula Systems Announces Extension of September 2022 Shelf Prospectus

 

 

3

 

Exhibit 99.1

 

 

FORMULA SYSTEMS (1985) LTD. ANNOUNCES EXTENSION OF SEPTEMBER 2022 SHELF PROSPECTUS

 

Or Yehuda, Israel, September 9, 2024— Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that the Israeli Securities Authority has extended the term of the Company’s shelf prospectus filed on September 21, 2022 by 12 months, until September 21, 2025. At this stage, no decision has been made by Formula as to the execution of any offering of Formula’s securities, nor as to its scope, terms and timing, if executed, and there is no certainty that any such offering will ever be executed. Any offering of securities pursuant to the shelf prospectus may be made only in Israel and only to residents of Israel. Any securities which may be offered under the said shelf prospectus, if offered, will not be offered or sold in the United States or to U.S. persons as defined in Regulation S under the U.S. Securities Act of 1933, as amended (hereinafter, the “Securities Act”), except pursuant to an applicable exemption from registration under the Securities Act or as part of a transaction that is not subject to said registration requirements.

 

About Formula

 

Formula Systems, whose ordinary shares are traded on the Tel-Aviv Stock Exchange and ADSs are traded on the Nasdaq Global Select Market, is a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products.

 

For more information, visit www.formulasystems.com.

 

Press Contact:

 

Formula Systems (1985) Ltd.

+972-3-5389487

ir@formula.co.il

 

Except for any historical information contained herein, matters discussed in this press release might include forward-looking statements that involve a number of risks and uncertainties. Regarding any financial statements, actual results might vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both locally and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in Formula's most recent annual report and other filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

 

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