Israel’s Formula Systems may offer non-convertible notes, convertibles

By Marisa Wong

Morgantown, W.Va., Aug. 10 – Formula Systems (1985) Ltd. is considering offering non-convertible debt securities, convertible debt securities, one-year notes as well as warrants and options for debt securities, according to a 6-K filing with the Securities and Exchange Commission.

The company filed a shelf prospectus for the proposed Regulation S debt with the Israeli Securities Authority and the Tel Aviv Stock Exchange on Aug. 6.

The information technology company is based in Or-Yehuda, Israel.

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