Core Viewpoint - Nayax Ltd. has successfully completed a tender for qualified investors in Israel, expanding its Series A Notes and Series 1 Warrants, aiming to raise approximately $175.4 million through this offering [1][2]. Group 1: Offering Details - The Securities were offered in units, each consisting of NIS 1,000 principal amount of Notes and three Warrants, with Qualified Investors committing to purchase 658,611 Units for a total of NIS 721,221,919 [2]. - The Company plans to accept undertakings for 518,381 Units at a price of NIS 1,091 per Unit, resulting in gross proceeds of NIS 565,553,671 (approximately $175,420,873) [2]. Group 2: Use of Proceeds - The net proceeds from the Offering, after deducting commissions, fees, and expenses, are expected to be around NIS 560 million (approximately $174 million), which will be used for general corporate purposes, including potential acquisitions [3]. Group 3: Terms of the Notes - The Notes have a fixed annual interest rate of 5.9% and will mature on September 30, 2030, with principal repayments starting in September 2027 [4]. - The repayment structure includes four annual payments, with the first two installments being 10% of the principal amount and the last two installments being 40% each [4]. Group 4: Terms of the Warrants - Each Warrant is exercisable into one ordinary share at an exercise price of NIS 177.80, subject to adjustments based on the NIS-to-USD exchange rate, with the current exercise price at NIS 158.01, representing a 6.4% premium over the closing share price [5]. - The Warrants will expire on March 31, 2027 [5]. Group 5: Company Overview - Nayax is a global commerce enablement, payments, and loyalty platform that assists merchants in scaling their businesses, offering a complete solution for cashless payment acceptance and management tools [10]. - As of September 30, 2025, Nayax operates 12 global offices, employs approximately 1,200 staff, and has connections to over 80 merchant acquirers [10].
Nayax Announces Preliminary Results of Notes and Warrants Offering in Israel to Qualified Investors