Summary by Futu AI
monday.com Ltd., a leading Work Operating System (Work OS) platform, announced a prospectus supplement for the offering of 68,000 ordinary shares by the monday.com Foundation, the selling shareholder. The shares are being offered on a continuous or delayed basis, with the selling shareholder potentially selling through various methods including agents, underwriters, or directly to purchasers. monday.com will not receive any proceeds from this offering. The ordinary shares are listed on the Nasdaq Global Select Market under the symbol 'MNDY', with the last reported sale price on Nasdaq being $256.17 as of August 28, 2024. The prospectus supplement, dated August 29, 2024, details the plan of distribution and risks associated with investing in the securities. The offering is subject to customary risks and investors are advised to read the 'Risk Factors' section for a full understanding of potential risks.