Locked in for 3 years min dilution9 Jan 2019 18:01
The Company offers bond holders
▪ Increased interest of 7%
▪ Three-year warrants for the purchase of shares constituting up to 10% of the issued share capital of the issued company,
At an exercise price of 150% of the share price in the financing round, which will replace the conversion mechanism
▪ The company will place the expected tax rebates in 2019 and the shares of Matomi in Internet Team as security for repayment of bonds
(Subject to the approval of Bank Leumi)
▪ Any additional amount received by the Company (excess recruitment, increased business activity, etc.), beyond the working capital needs, will be used
Mostly to advance / increase refunds to bondholders