Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2019
MER TELEMANAGEMENT SOLUTIONS LTD.
(Name of Registrant)
15 Hatidhar Street, Ra'anana 43665, Israel
(Address of Principal Executive Office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form,
the registrant
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If
"Yes" is marked, indicate below the file number assigned to
the registrant in connection with
Rule 12g3-2(b): 82- __________
MER Telemanagement Solutions Ltd.
Ra’anana, Israel / Powder Springs, Georgia, USA -
January 08, 2020 - Mer Telemanagement Solutions Ltd. (MTS) (Nasdaq Capital Market:
MTSL), a global provider of telecommunications expense management (TEM), call accounting and contact center software, announced today that on
December 31, 2019,
the Company’s institutional investor exercised its greenshoe option in part and
purchased 144,737 convertible preferred shares in consideration of $165,000.
As previously disclosed, on
October 31, 2018,
the Company completed a $1.5 million sale of a newly-created class of convertible preferred
shares to an institutional investor pursuant to a stock purchase agreement. The agreement included a greenshoe option for the future investment by the institutional investor of up to $1.5 million in
the Company’s preferred shares at a price per
preferred share of $1.14 during the 12 months period following the closing date of the agreement. During 2019, the institutional investor purchased 548,246 convertible preferred shares pursuant to the greenshoe option for the aggregate
consideration of $625,000
About MTS
Mer Telemanagement Solutions Ltd. (MTS) is focused on innovative products and services for enterprises in the area of telecom expense
management (TEM) and call accounting and contact center software. Headquartered in Israel, MTS markets its solutions through wholly-owned
subsidiaries in Israel, the U.S and Hong Kong, as well as through distribution channels. For more information
please visit the MTS
web site:
www.mtsint.com.
