Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.21.1
Shareholders' Equity
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Shareholders' Equity
NOTE 10:- SHAREHOLDERS’ EQUITY
 
  a.
Composition of share capital:
 
    
December 31,
  
    
2020
     
2019
  
    
Authorized
     
Issued and
outstanding
     
Authorized
     
Issued and
outstanding
  
    
Number of Shares
     
Number of Shares
  
Ordinary Shares of
no-par
value (1)
      179,872,754        16,948,226        107,265,966        15,855,287  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
Ordinary Shares confer upon the holders the right to vote in annual and special meetings of the Company, and to participate in the distribution of the surplus assets of the Company upon liquidation of the Company, after the distribution of the Company’s Preferred Shares liquidation preference (for further information see Note 9).
 
  b.
On January 18, 2016, upon inception, the Company issued to certain shareholders 17,559,663 Ordinary Shares of
no-par
value, for no consideration.
 
  c.
On February 17, 2021, the Company effected a one-for-1.138974 reverse share split of ordinary shares and preferred shares (for further information see Note 16a).