{"url_path":"/sec/forty/10-k/2026/item-9","section_key":"item-9","section_title":"Item 9 THE OFFER AND LISTING**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1045986/0001213900-26-055948-index.html","accession_number":"0001213900-26-055948","cik":"0001045986","ticker":"FORTY","issuer_name":"FORMULA SYSTEMS (1985) LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1045986/0001213900-26-055948-index.html","primary_entity_key":"0001045986","primary_entity_name":"FORMULA SYSTEMS (1985) LTD"},"word_count":179,"has_tables":true,"body_markdown":"**ITEM 9. THE OFFER AND LISTING**\n\n \n\n**A.**\n**Offer and Listing Details**\n\n \n\nOur ordinary shares have been\ntrading on the TASE under the symbol “FORTY” since our initial public offering in 1991.\n\n \n\nOur ADSs are listed on the\nNasdaq Global Select Market since October 1997 under the symbol “FORTY.” Each ADS represents one ordinary share.\n\n \n\nFor a description of the ADSs,\nsee “*Item 12. Description of Securities Other Than Equity Securities— D. American Depositary Shares*.”\n\n \n\n**B.**\n**Plan of Distribution**\n\n \n\nNot applicable.\n\n \n\n**C.**\n**Markets**\n\n \n\nSince our initial public offering\nin 1991, our ordinary shares have been traded in Israel on the TASE under the symbol “FORT.” No U.S. trading market exists\nfor the ordinary shares. Since October 1997, our ADSs have been traded on the Nasdaq Global Select Market, under the symbol “FORTY.”\nEach ADS represents one ordinary share and is evidenced by an American depositary receipt, or ADR. The ADRs were issued pursuant to a\nDepositary Agreement entered into with the Bank of New York Mellon.\n\n \n\n**D.**\n**Selling Shareholders**\n\n \n\nNot applicable.\n\n \n\n**E.**\n**Dilution**\n\n \n\nNot applicable.\n\n \n\n**F.**\n**Expenses of the Issue**"}