The company will have the option to sell shares to investment bank B. Riley at a price of just $7.50, well below the current price of over $20.
Despite the unexpectedly high July CPI reading, economists are optimistic that Israel's inflation rate is set to fall. Economy
Despite its impressive founders, the Israeli video platform's share price has lost 80% since its IPO and it now faces a hostile takeover. IT
Buying a single cheap item online isn't worthwhile. Deliverider believes it has the solution. Retailing
Marshfield Advisors, a unit of the Mormon Church's Ensign Peak Advisors, one of the world's biggest investment funds, has tax exemption in the US and has avoided tax in Israel too. Start ups
Cross River Bank founder Gilles Gade believes in fintech and cryptocurrency, and supremely in divine providence. Financial services
Three tech entrepreneurs talk to "Globes" about the psychological pressure of dealing with the slowdown in the industry. Start ups
Pearl Cohen head Adv. Zeev Pearl discusses the extent of the tech crisis, the challenges facing Israeli law firms, and how to manage a large firm remotely. Legal
In an intriguing rivalry, Israeli startups Talon and Island have both developed enterprise browsers to enhance an organization's security in the age of hybrid work. Start ups
Market strategist Shmuel Katzavian analyses why the Israeli currency will likely appreciate against the dollar over the next year. Market
Israel is encouraged by the fact that Hamas stayed out of the recent fighting, while Iran is already acting to rearm Islamic Jihad. Politics
Despite its US blacklisting, Huawei's operations in Israel are bigger than ever, employing about 500 researchers in Haifa and Hod Hasharon. Legal
Raised in Ma'alot-Tarshiha, Bshara was cofounder of Annapurna Labs, acquired by Amazon, which developed the server chip that produces $5 billion annual revenue. IT
Changes in Israeli haredi society in recent years are reflected in high demand for specially adapted luxury residences.
A presentation to investors in India outlines plans to take loans of NIS 3 billion and build hotels and stores on Haifa Port seafront. Real estate
Why did Google top the "Globes" brands ranking while Facebook was barely rated? After all, both have their dark sides. IT
Google good, Facebook bad?