Followers | 145 |
Posts | 27566 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Monday, July 18, 2005 7:38:11 AM
The minimum equity for listing on the main Nasdaq index is $10 million.
Golan Fridenfeld 29 Jun 05 11:31
Formula Systems (Nasdaq: FORTY; TASE: FORT), controlled by chairman Dan Goldstein and the First Israel Mezzanine Investors Fund (FIMI), has decided to inject $2 million into Sapiens International NV (Nasdaq: SPNS; TASE: SPNS). Formula wishes to prevent Sapien’s demotion to the Nasdaq SmallCap Market. Formula will be allocated shares for its investment, increasing its controlling stake in Sapiens to 58%.
Without Formula’s capital injection, Sapiens will be moved from the main Nasdaq list to the SmallCap list. The minimum equity for listing on the main Nasdaq index is $10 million.
”Sapiens has good parents. We decided to prevent demotion of the share to the SmallCap Market. The company has no cash flow shortage,” Goldstein said yesterday. “I believe that the second quarter will be better than the first.”
The capital injection is the second support measure for Sapiens by the Formula controlling shareholders.
Published by Globes [online] - www.globes.co.il - on June 29, 2005
Dubi
Recent SPNS News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:09:08 AM
- Sapiens Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/08/2024 09:55:00 AM
- Sapiens to Participate in the Needham Technology, Media, & Consumer Conference on May 15, 2024 • PR Newswire (US) • 05/01/2024 11:55:00 AM
- Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands • PR Newswire (US) • 04/25/2024 10:28:00 AM
- Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands • PR Newswire (US) • 04/25/2024 10:24:00 AM
- SAPIENS TO ANNOUNCE FIRST QUARTER OF 2024 FINANCIAL RESULTS ON MAY 8, 2024 • PR Newswire (US) • 04/24/2024 10:22:00 AM
- Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio • PR Newswire (US) • 04/18/2024 12:32:00 PM
- Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio • PR Newswire (US) • 04/18/2024 12:31:00 PM
- Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2023 • PR Newswire (US) • 03/26/2024 01:25:00 PM
- SAPIENS DECLARES CASH DIVIDEND OF $15.6 MILLION, OR $0.28 PER SHARE FOR THE SECOND HALF OF 2023 • PR Newswire (US) • 03/25/2024 11:00:00 AM
- Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC • PR Newswire (US) • 03/21/2024 12:22:00 PM
- Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC • PR Newswire (US) • 03/21/2024 12:20:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 01:53:34 PM
- Celent Names Sapiens ClaimsPro for P&C in North America as 2024 Luminary • PR Newswire (US) • 03/11/2024 01:48:00 PM
- Celent Names Sapiens ClaimsPro for P&C in North America as 2024 Luminary • PR Newswire (US) • 03/11/2024 01:45:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:46:00 PM
- Sapiens étend sa présence sur le marché canadien pour accélérer la croissance des assureurs canadiens • PR Newswire (Canada) • 03/04/2024 01:42:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (Canada) • 03/04/2024 01:37:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:32:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/04/2024 01:30:27 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 01:25:23 PM
- Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector • PR Newswire (US) • 02/26/2024 01:25:00 PM
- Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector • PR Newswire (US) • 02/26/2024 01:25:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 11:22:10 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM