0000000000-21-005739.txt : 20210708 0000000000-21-005739.hdr.sgml : 20210708 20210505123008 ACCESSION NUMBER: 0000000000-21-005739 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210505 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: monday.com Ltd. CENTRAL INDEX KEY: 0001845338 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 52 MENACHEM BEGIN RD. CITY: TEL AVIV-YAFO STATE: L3 ZIP: 6713701 BUSINESS PHONE: 972(55) 939-7720 MAIL ADDRESS: STREET 1: 52 MENACHEM BEGIN RD. CITY: TEL AVIV-YAFO STATE: L3 ZIP: 6713701 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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MP542^5[GF[EVKE#4>2<'-*K MUBNV)4N X0S&'\TF@R)4[\SS\PY4Y5J]U*I*&F4NL$:_V3,!.94 MKZ]($$9\WU0NO>@8.IXA<9QT[>A9G=>,.[QID./%S?'RFFE#PZ!-8 %/F2VY<;8,YUV"-D.4?&+V1?$KR^3_69XR6 ^' M7J!"UC>^X%1I(U^+C>LXOE2ALU[-?1T:YUNU=7[FH[OW3Z'*\-W\07IW3=SE M$ET^"M?^L7G$FPS8S$#Z TSMB7L*96YD!_\*96YD'0M-2XT+C4* 6 TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo May 5, 2021 Roy Mann Co-Founder and Co-Chief Executive Officer monday.com Ltd. 52 Menachem Begin Rd. Tel Aviv-Yafo 6713701, Israel Re: monday.com Ltd. Amendment No. 1 to Draft Registration Statement on Form F-1 Submitted April 21, 2021 CIK No. 0001845338 Dear Mr. Mann: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 1 to DRS on Form F-1 submitted April 21, 2021 Summary, page 1 1. You identify certain customers on page 2 and elsewhere. Please revise to clarify the significance of these customers to the company and the criteria used to select these customers for use in your prospectus. Clarify whether they are enterprise customers on your platform from which you separately generate more than $50,000 in ARR. Management's Discussion and Analysis of Financial Condition and Results of Operations Key Milestones that Transformed Our Business, page 66 2. Your chart shows the growth of revenue from 2014 through 2020. To provide balanced context, please include the net income/losses for all years presented in the chart. Roy Mann monday.com Ltd. May 5, 2021 Page 2 Description of Share Capital and Articles of Association, page 133 3. We note that each of your two co-founders will hold a single founder share that, if voted together, will give your co-founders certain veto rights, including the ability to veto certain transactions whereby 25% of your outstanding share capital will be purchased or substantially all of your assets will be sold. Please tell us whether you received an opinion of counsel as to the legality of a class of shares with these rights under Israeli corporate law. Additionally, please revise the Acquisitions under Israeli Law and Anti-Takeover Measures sections to discuss the effects and implications of the founder shares' veto rights. You may contact Lisa Etheredge, Senior Staff Accountant, at (202) 551-3424 or Robert Littlepage, Accounting Branch Chief, at (202) 551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Mitchell Austin, Staff Attorney, at (202) 551-3574 or Jan Woo, Legal Branch Chief, at (202) 551-3453 with any other questions. Sincerely, FirstName LastNameRoy Mann Division of Corporation Finance Comapany Namemonday.com Ltd. Office of Technology May 5, 2021 Page 2 cc: Joshua Kiernan, Esq. FirstName LastName